FRANKFURT / LONDON (IT BOLTWISE) – The Dax is showing signs of recovery after positive signals from US stock exchanges calm the markets. Despite ongoing tensions in the trade dispute between the USA and China and concerns about possible banking crises in the USA, experts continue to see growth opportunities. The leading German index was able to recover slightly after an initial decline and closed with a moderate loss.
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The latest developments on the US stock exchanges have brought the Dax a slight recovery. Despite an initial decline below the 23,700 point mark, the leading German index was able to stabilize by the afternoon and closed with a loss of 1.5 percent at 23,920 points. This recovery is primarily due to positive signals from the USA, where investors are looking forward to a positive start to the stock market on Wall Street.
US President Donald Trump has brought some calm to the trade dispute with China with his recent comments. He explained that the new tariffs on Chinese imports would not last and would not be economically viable. These statements have helped to calm the very tense markets somewhat, although fears of a banking crisis in the USA remain.
In the United States, there is evidence of possible loan fraud by two regional banks, bringing back memories of the troubles of spring 2023, when the collapses of Silicon Valley Bank and Signature Bank rocked global financial markets. Experts like Jochen Stanzl of CMC Markets warn that the weak credit standing of American regional banks could rattle investors.
Despite these uncertainties, chart technology expert Martin Utschneider from Robomarkets remains optimistic. He sees the current market development as sobering, but not dramatic from a technical perspective. The DAX had reached a record high of 24,771 points just a week ago, before the escalating trade conflict between the USA and China initiated a correction.
Among the DAX winners was Continental, whose shares rose by an impressive 9.0 percent as the group far exceeded market expectations in the third quarter. Volkswagen recorded an increase of 1.4 percent, while Porsche AG in the MDax increased by 1.9 percent. These gains stemmed from reports of Oliver Blume’s impending move as CEO at Porsche.
In contrast, banking and defense stocks were under pressure. Commerzbank recorded a decline of 2.8 percent, while Deutsche Bank fell 4.3 percent. After a strong year, defense companies such as Rheinmetall, Hensoldt, Renk and Alzchem suffered losses of between 2 and 7 percent as investors took profits.
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