Market report: DAX will not be shifting wherever | EUROtoday

At the opening, the DAX was buying and selling simply within the crimson at 24,890 factors. The two-week-old report excessive of 25,507 factors stays a good distance off. On Friday, the main German index closed with a rise of 0.2 % at 24,900.

It remains to be the unsure geopolitical state of affairs that’s dampening traders’ willingness to purchase. “The situation has calmed down recently because the US President backed away from his threats regarding Greenland and the punitive tariffs at the economic forum in Davos. However, the unanimous opinion is that no all-clear can be given,” write the Helaba specialists.

So the hope lies within the present reporting season. Strong stability sheets may present recent impetus. In Germany, annual figures from the software program group SAP and Deutsche Bank in addition to their fund subsidiary DWS are due on Thursday.

Today the pipeline and plant producer Friedrich Vorwerk offered the quarterly figures. The SDAX Group elevated gross sales and income in 2025 considerably greater than anticipated. Revenues improved by greater than 200 million euros to 704.3 million euros.

In the USA, Apple, Microsoft, Tesla and Meta, amongst others, will report. Against the background of the AI ​​euphoria, traders will analyze the numbers very carefully. “Together they weigh over 16 percent of the S&P 500, and all four present their figures within just two days,” says Maximilian Wienke, market analyst at eToro. “Their influence on the overall market is correspondingly great.”

European heavyweights equivalent to ASML and LVMH may also report their outcomes this week.

The DAX doesn’t obtain any help from the economic system. The temper within the German economic system didn’t enhance firstly of the yr; in January, the ifo enterprise local weather remained at 87.6 factors, because the analysis institute introduced. On common, economists had anticipated a rise to 88.2 factors.

“The German economy is starting the new year without momentum,” commented Ifo President Clemens Fuest on the outcomes of the survey. “Compared to the politicians’ immense debt plans, this is a disappointment,” feedback Alexander Krüger, chief economist at Hauck Aufhäuser Lamp.

The most vital date this week is prone to be the US Federal Reserve’s rate of interest resolution subsequent Wednesday. Investors are frightened in regards to the Fed’s political independence. US President Donald Trump is placing strain on Fed Chairman Jerome Powell – Trump is asking for additional rate of interest cuts to stimulate the US economic system.

Analysts don’t count on the Fed to proceed its easing coverage. But they’re hoping for brand new details about how the central bankers will act within the coming months. “The discussions about further interest rate cuts are likely to pick up steam again next week,” predicts Commerzbank economist Michael Pfister.

Meanwhile, the gold rally continues: the brand new excessive is $5,111. “Gold is considered a crisis currency. Investors particularly value security during a crisis, regardless of whether the uncertainty comes from geopolitical or economic events, or from inflation,” says an announcement from VP Bank.

Purchases by central banks world wide are additionally driving up the worth. Many central banks have considerably elevated their gold reserves lately. These purchases are supposed to make nationwide reserves much less depending on the greenback.

“The jump above the psychological $5,000 mark marks a historic milestone in the global precious metals sector and reflects the profound uncertainties in the financial markets,” feedback Timo Emden from Emden Research. The bull market feeds the bull market. “Rising prices obviously attract additional capital and further strengthen the upward movement,” stated the market observer.