It’s about three weeks until the big market spectacle - when options and futures on the DAX and on individual stocks expire at Eurex. Institutional investors are using the time until then to try to unload their positions as profitably as possible - or at least with the smallest possible losses.
The settlement date is September 19, 2025. That may still seem like plenty of time, but looking back at recent years shows that correction moves often started one to two weeks before expiration day. In other words: buckle up, secure your positions - but stay alert.
Right now, the DAX is struggling with the round 24,000-point mark, already drifting toward 23,900. A drop to 23,800 and below could prove dangerous for the index - otherwise, it could quickly slide down to a recent low around 23,380 points.
Germany–France summit overshadowed by french government crisis
Is the next storm brewing within the Eurozone - for the euro and for indices like the DAX and EuroStoxx 50? The French government faces the difficult task of cutting billions in spending (much like the German government). But unrest in the French National Assembly is nothing new. France’s prime minister has tied his political fate to a parliamentary vote of no confidence. If he loses, the French government could collapse like a house of cards. Political stability in France has been anything but solid in recent times.
A government collapse in France wouldn’t just weigh on the country’s benchmark index, the CAC 40 - it could also affect the EuroStoxx 50. France carries the heaviest weighting in that index, and major French corporations like LVMH, Hermès, and TotalEnergies could drag it down.
For the euro, the French government crisis is equally bad news. France is among the Eurozone’s most heavily indebted countries. More importantly, it is the bloc’s second-largest economy and one of the biggest financial contributors to Brussels. Problems are piling up across the board.
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