DAX Closes Above 22,000 Points
The Easter rally continues. On Thursday, the German benchmark index managed to reclaim the important 22,000-point mark and closed above it. As has become routine these days, it is the daily statements from Washington—indicating a softening of import tariffs into the U.S.—that are giving markets room to breathe. The next hurdle for the German stock index lies at 22,600 points. At first glance, that might seem a long way off, but the target could already be reached by the middle of the upcoming trading week. For now, however, the goal is to end the trading week positively today, Friday, just as it began.
The ifo Business Climate Index also came in positive, which is noteworthy in such uncertain times. Some investors may view this critically, yet these are all positive signals, and as is well known, the stock market prices in the future—and that future seems to be improving.
Tariffs Are Being Softened
Whether it’s the aforementioned softening of U.S. tariffs or the approaching ceasefire in Ukraine—which could potentially lead to the lifting of sanctions against Russia—both developments offer economic hope. If sanctions were lifted, companies could resume their previously suspended operations in Russia, thus reopening a dormant market. Ethically questionable, economically lucrative—a decision many companies may soon face.
On Thursday, Infineon led the DAX, gaining attention with a 7 percent increase. Adidas and Siemens followed in second and third place, each posting gains of just over 2 percent. Infineon benefited from strong economic data reported by STMicroelectronics and Texas Instruments.
In summary, the DAX remains on a recovery path, and the outlook for the future is becoming increasingly optimistic. This should continue to benefit investors on Friday and help close the week on a high note.
Would you like a quick summary of the market highlights in bullet points?
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.