After a negative Wednesday, the DAX was able to post another positive trading day with a gain of 0.73 percent, closing at 23,770 points. The up-and-down pattern of the index continues. Interestingly, neither the ECB's interest rate decision nor the US inflation data sent a clear impulse to the stock markets. The ECB appears concerned about high French government debt but provided no reason for an interest rate change. US inflation, as expected, intensified. But those who thought market participants would now price in a rate cut were mistaken. This impulse, too, has so far failed to materialize. This suggests that the expected rate cut in the US is already fully priced in, and the market is likely to remain undecided in the coming days.
Airbus in a Record Frenzy: These Stocks Defy the DAX Standstill!
Among individual stocks, Airbus and Bayer particularly shone, setting the bar high with a 2.9 percent gain. In third place was Heidelberg Materials with an increase of 2.5 percent. The Airbus stock once again underscored its stable uptrend and marked a new all-time high. In a 3-month comparison, Airbus ranks second with a 19.2 percent gain, right behind Deutsche Bank, which saw a price increase of 28.9 percent over the same period.
DAX Trapped: Is the 400-Point Range Becoming a Long-Term Dilemma?
For the DAX, the up-and-down pattern is likely to continue for now. The index is trapped in a trading range between 23,500 and 23,900 points. A clear direction is not in sight. If the DAX were to test the upper boundary of this range, it could encounter resistance. A breakout to the downside would draw attention to the lower end of the range, where signals for a possible trend reversal to the upside could emerge.
Will the DAX break out of its trading range, or will uncertainty persist?
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