DAX – GER30
DAX Hit New Record Peak
Stocks in Germany Hit All-time High
The DAX rose toward 21650 on Wednesday, hitting fresh record highs, in line with other European indices, fuelled by strong quarterly results from ASML. Market sentiment was also helped by easing concern over the impact of DeepSeek on AI demand.
Interesting technical fact : Previous Resistance line acted as a perfect Support to underpin this renewed Rally.
Now the sky is the limit – 22.200/400 might be in reach.
DAX Rebounds and Hits New Peak
Germany’s DAX Index Jumps on Corporate Earnings Boost
The blue-chip DAX index ended Tuesday 0.70% higher as market watchers digest the latest wave of earnings results from major companies, boosting investor sentiment.Sartorius SRT was the top-performing stock during the trading session, gaining 11.47% at closing. The German life sciences group said its preliminary sales revenue for 2024 was broadly in line with the prior-year level and issued a “deliberately cautious” outlook for 2025.
DAX – GER30 – XETR
Dax holding above 21.000 and looks like as defining a gravity .
Based on time-space analysis and some common sense, we might be in line for some nice correction.
Unless it manages to consolidate in sideways correction, we should be seeing levels around 20.500 if not even 19.350.
Next couple of days watch for double top formation – and if so, deeper correction will be on its way
In our blog
Here is a question? Why has the EURUSD recovered and DAX at record levels given the risk of Trump tariffs. prospect of lower interest rates, an underperforming German economy and political uncertainty in Germany (and France)?
Swiss stocks closed higher on Friday as the World Economic Forum in Davos comes to a close and markets shift their attention to next week’s key monetary policy decisions in Europe and the US.
The Swiss Market Index edged up 0.18% at the end of the trading day.
In corporate news, Baader Europe raised its price target on Sandoz SDZ to 46.6 francs from 44.2 francs, primarily driven by the Swiss pharmaceutical company’s strong growth in biosimilars and initiatives to improve margins. The stock was up 1.26% at closing.
Of course Swiss market index is lagging ( a lot) behind the DAX, but is more stable .
DAX Futures – FDAX1!
Dax going wild – The DAX Index Closes 0.74% Higher
In Frankfurt, the DAX Index went up by 157 points or 0.74 percent on Thursday.
Top gainers were Siemens Energy (6.27%), Fresenius Medical Care (4.91%) and Zalando (4.77%).
Biggest losses came from Puma (-22.43%), Qiagen NV (-2.88%) and BMW (-0.95%).
DAX futures – FDAX1!
DAX Sets Fresh Record, Outperform European Peers
The DAX closed about 1% higher at a new record high of 21,259 on Wednesday, outpacing its European peers.
The index was bolstered by Adidas’ strong earnings and optimism over massive AI investments proposed by US President Donald Trump, which helped offset concerns about his tariff policies.
GER30 DAILY CHART – WHEN MIGHT IT PAUSE?
DAX continues to set record highs despite German economic woes.
So, the question now is what might derail the relentless march higher… in this regard, wild card may be any Trump tariffs.
In any case, only resistance is the new record high, keeps a bid while above 20537 (see chart).
EUROPE – Very Strange
The German Dax is rising, but there is no economic-funamental reason there, except a DEXIT risk upon the upcoming German Election on February 23d.
In case of DEXIT it is said the EURO might loose 40% sharp, there will be problems in devalued assets all over and those not market to market might require huge capital inflows.
The New Deutsche Mark would rise 40%. So probably some German Equities are now considered partly a safe have. Just partly and just some.
All other EUROPEAN INDEXES WOULD CRASH
Newsquawk US Open
Oil surges on recent geopolitical updates; speakers & earnings ahead
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
European bourses are entirely in negative
territory, with initial outperformance in the DAX 40 (due to strong SAP results) now entirely erased; US futures are also lower.
Dollar is flat, Antipodeans outperform attempting to recoup some of its recent losses.
Bonds remain on the backfoot in a continuation of the pressure seen in the prior session
Crude was initially subdued, giving back some of the prior day’s gains; however, following two key geopolitical updates, the complex soared to session highs.
1) Israeli PM Netanyahu will hold consultations tonight with various cabinet ministers,
2) Iranian embassy officials were reportedly involved in the drone attempt on Netanyahu
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