On Wednesday, the DAX can’t really make a decision yet. He loses sight of the important 25,000 mark.
The DAX started 0.26 percent higher at 24,845.59 points. It briefly went into profit before falling again. Over the course of the year, the stock market barometer has fluctuated in a narrow range around the zero line; recently, slight tendencies towards the loss zone were again noticeable.
The last DAX record
On January 13th, the DAX reached an all-time high of 25,507.79 points, exceeding the 25,500 point threshold for the first time in its history. Ultimately, it ended the day at 25,420.66 points, which was a new record based on the closing price.
Gold price recovery and geopolitical tensions in focus
On the German stock market, the nervousness of the past few days, with some strong price fluctuations, is gradually easing. After the sharp correction in gold and silver in the previous week also weighed on the stock markets, both precious metals are continuing their recovery.
Investors should also pay close attention to talks between Russian and Ukrainian negotiators in Abu Dhabi on Wednesday, which are expected to provide impetus for a possible end to the war. The report that the US military apparently shot down an Iranian reconnaissance drone near the country’s southern coast is also attracting attention.
Technology sector in view
Traders speak of a news situation that is not easy to reconcile. The US specifications are strongly negative, but limited to the software sector. This came under extreme pressure due to concerns that the profitable rental model (SaaS) for software could be replaced by AI agents. Shares in the sector fell 4 to 9 percent. However, the pressure should remain isolated to the tech stocks.
On Wednesday, all eyes will be on Infineon’s quarterly figures and, after the US stock market closes, on the results of Google parent company Alphabet.
US partial shutdown ended
On the other hand, positive news comes from US politics. The short shutdown was already ended there. Since the official US jobs report for January cannot be published on Friday, all eyes are on the US data on Wednesday afternoon. The ISM service index and its job component are the most important indicators for the US labor market. The ADP labor market report will also be published.
Editorial team finanzen.net / Dow Jones / dpa-AFX
