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DAX Sits in the Doldrums: What's the Outcome of the Summit Poker?

Frank Sohlleder
August 19, 2025

The DAX remains unimpressed. With a slight loss of 0.18 percent to 24,314.77 points, the leading index closed as investors anxiously awaited the results of the US-EU summit in Washington. The initial takeaway is that the market reacted with neither euphoria nor disappointment; the wait-and-see attitude persists. A genuine breakthrough in the negotiations has not yet occurred, and the market is still waiting to price one in. This ongoing uncertainty surrounding the potential for peace and its market impact continues to fuel investor hesitation.

Zalando & Co. Defy Caution: Who Are the Winners?
Despite the overall restraint, there were clear winners among individual stocks. Infineon gained 1.6 percent, while Zalando saw a 1.4 percent price increase. Commerzbank once again underscored its strong uptrend with a 1.3 percent gain, which erased the stock's brief setback from the previous week. The relative strength of these shares shows that investors are selectively buying into specific companies, even when the broader market lacks a clear direction.

DAX at a Crossroads: Is the Summit Enough for an All-Time High?
The outlook for the coming trading days is compelling. Markets will now process the official interpretations from summit participants and Russia's reaction to the announced results. It remains to be seen whether the wait-and-see stance will give way to a new upward impulse, possibly fueled by US trading. A new all-time high is still within reach.

Will the DAX shake off the uncertainty and dare to make the leap to a new record?

 

 

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