The DAX is showing a lack of direction. With a slight gain of 0.19 percent, the German leading index closed at 24,262.22 points. While the tariff deal seems to have been digested, new concerns are emerging regarding the German economy. The preliminary gross national product of the Federal Republic was reported as slightly negative at -0.1%, signifying a small economic contraction that is raising alarm among investors.
Adidas Disappoints and Plummets – Siemens Energy Surpasses €100
Among individual stocks, Commerzbank shares rose by 4.5 percent. Siemens Energy also had a strong day, breaking the €100 psychological barrier. With a gain of 4.2 percent, the stock closed above €100 for the first time. The uptrend remains intact, and yesterday's breakout could signal that a further rally is imminent.
The day was problematic for Adidas investors. Following the release of its quarterly results, investor disappointment was palpable. The stock ended the trading day with a decline of 11.5 percent. Adidas, contrary to expectations, did not raise its annual target, leading to widespread disappointment.
Is the DAX Poised to Break Out of Its Trading Range?
For the current trading day, the DAX could test its upper trading range, which represents the high from Monday's trading day. The DAX has been oscillating within this range for the entire trading week since Tuesday, with a slight upward tendency. However, this movement does not yet appear sustainable, so caution is still advised on the long side.
Can the DAX break the 24,500-point mark, or is a correction inevitable?
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