As an investor, you can almost see a pattern: after every setback triggered by comments from the US, a great opportunity arises to re-enter the market. Why? Because a negative comment is quickly followed by a sign of relaxation, which is likely an indication that an agreement can be reached. This happened on Friday with the bad news, which was then already put into perspective on Monday and Tuesday, giving the DAX the fuel it needed to regain lost ground and reach a new record high yesterday. The DAX closed with a gain of 0.83 percent at 24,226.49 points, and it's not impossible that more record highs will follow this trading week.
Siemens Energy Continues Top Performance - Zalando Works on Turnaround
Zalando was the stock that topped the DAX yesterday. The online retailer in the retail sector gained 5 percent. The stock is currently under pressure, but yesterday it managed to attempt a move from a support level to gradually end the sideways phase that has been ongoing since March. Since the beginning of the year, the stock has only managed to break even. This is in stark contrast to Siemens Energy, which ranked third among the top performers yesterday. The stock is relentlessly heading towards the 90 Euro mark, and this doesn't necessarily have to be the end. Since the beginning of the year, Siemens Energy has already gained 70 percent and is once again among the absolute top performers in the DAX.
For today, Wednesday, it is expected that the upward movement can continue. It is always important to keep an eye on news and comments from the US regarding tariffs. If the situation continues to ease, nothing stands in the way of further record highs.
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