Uncertainty continues to dominate trading in the German stock market. The DAX remains stuck in its established trading range, making it difficult for investors to commit to a clear market position. Currently, there appears to be a lack of a compelling future vision for Germany's top companies. The combination of an ambiguous economic and geopolitical situation is shrouding the outlook in a thick fog. Despite this lack of direction, the index is holding a remarkably high level, signaling the continued underlying confidence of market participants. On Thursday, the blue-chip index closed with a loss of 0.56 percent at 23,534.83 points.
Siemens Healthineers Under Pressure – Flight to Defensive Stocks
Among individual stocks, growth-dependent and cyclical values came under particular pressure. Siemens Healthineers recorded the largest daily loss, dropping 3.5 percent. Heidelberg Materials was also weak, giving up 2.5 percent, and Adidas declined by 2.4 percent. In contrast, defensive stocks topped the winners list. E.ON and Deutsche Börse shared the first place with gains of 1.4 percent each. Hannover Re completed the top 3 with a daily performance of 1.3 percent, underlining investors' search for stable, lower-risk sectors.
DAX Trapped: Is a Friday Turnaround Imminent?
If the DAX continues to follow its current up-and-down pattern, Friday could close with a positive trading day and possibly even secure a positive weekly finish. Technically, however, the index's situation has not fundamentally changed: the DAX continues to drift aimlessly within its range. There is little indication that this range will be sustainably broken, either to the downside or the upside. Since the economic calendar promises no major news impulses on Friday, trading is likely to be primarily determined by technical patterns and short-term sentiment.
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