The start of the week for European stock markets has been successful. In the DAX, investors could look back on a gain of 0.8 percent by the end of the trading day. Although the index closed at 23,807.13 points, it remains well below the 24,000 mark and is still trading within its recent range. The trading appears to be happening with the handbrake on, as genuine euphoria is absent.
This could be due to the political situation in France, where the government has resigned after a vote of no confidence. This could lead to political instability and the risk of new elections, which the markets have not yet fully priced in. This uncertainty could very well spill over to the DAX.
Zalando & Adidas Soar: Is a Trend Reversal Beginning Now?
Among individual stocks, consumer-oriented shares particularly shone. Zalando saw a jump of 5.0 percent, making it the day's winner. Adidas followed with a 3.6 percent gain, while Commerzbank added 3.1 percent. The strength of these stocks raises hope that Zalando and Adidas, which have been under pressure recently, could be forming a bottom and may break free from their downtrends.
DAX on the Brink of a Comeback: Can the 24,000-Point Mark Fall?
The coming days will be decisive. The promising start to the week could give the DAX the necessary push to break the 24,000-point mark. If it succeeds, that would be a strong buy signal, attracting further capital. However, the 23,500-point level remains the crucial line of defense. As long as this support holds, the bears will find it difficult to make their presence felt.
Will the DAX shake off political risks and reclaim the 24,000-point mark?
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