Philip Papageorgiou

The DAX remains close to 26,000 points after extending its recovery, but the market's attention is shifting away from geopolitics and back toward earnings, economic data and US politics. Reports from Bayer, Lufthansa and Fresenius Medical Care highlight a market increasingly rewarding profit growth while punishing weak guidance. With US midterm elections, JOLTS job openings and AMD earnings on today's agenda, the next move in equities may depend less on technicals and more on whether earnings and economic data justify current valuations.

Today's session is dominated by three major catalysts: the ECB rate decision, US GDP and inflation data, and a packed earnings calendar featuring Amazon, Intel, Mastercard, Caterpillar and Volkswagen. While the DAX has reclaimed the critical 25,500 level, and sliced up right to around 26,000. The move back toward support will likely be determined by central bank guidance, inflation signals and corporate earnings.

The DAX has come under renewed pressure as another technology-led sell-off on Wall Street undermines global risk sentiment. While the index remains above key October lows, the recent recovery is losing momentum as investors reassess AI valuations, rising energy prices and escalating geopolitical risks. With oil climbing and major technology stocks facing renewed selling pressure, the focus has shifted back to support levels rather than fresh highs.

The DAX has come under renewed pressure as another technology-led sell-off on Wall Street undermines global risk sentiment. While the index remains above key October lows, the recent recovery is losing momentum as investors reassess AI valuations, rising energy prices and escalating geopolitical risks. With oil climbing and major technology stocks facing renewed selling pressure, the focus has shifted back to support levels rather than fresh highs.

The DAX is attempting to extend its recovery as improving sentiment around technology stocks supports European equities. Strong AI-related updates from Super Micro Computer and SpaceX have boosted risk appetite, helping the index move back above key short-term averages. However, rising oil prices, persistent inflation concerns and Middle East tensions remain major obstacles. The key test for today is whether the DAX can sustain a move above 25,500 and confirm that the recovery has further room to run.

The DAX continues to recover from last week's sell-off, supported by easing energy concerns and improving short-term momentum. While buyers have regained control of the four-hour trend, the index is now approaching a critical resistance zone between 25,450 and 25,600. A decisive break higher would strengthen the bullish case and open the door toward 25,800, while failure at resistance could quickly revive downside pressure.

The DAX continues to recover from last week's sell-off, supported by easing energy concerns and improving short-term momentum. While buyers have regained control of the four-hour trend, the index is now approaching a critical resistance zone between 25,450 and 25,600. A decisive break higher would strengthen the bullish case and open the door toward 25,800, while failure at resistance could quickly revive downside pressure.

The DAX started the week on a firmer footing as lower oil prices and hopes of an energy ceasefire between Russia and Ukraine improved market sentiment. However, geopolitical risks remain elevated as ongoing tensions in the Middle East continue to threaten global energy supplies. From a technical perspective, the index remains in a corrective phase and must reclaim the 25,500–25,620 zone to strengthen the bullish case.

The DAX has recovered sharply from its September correction, climbing back above 25,000 after successfully holding long-term support near the 200-day moving average. While the broader bull trend remains intact, the index is now approaching one of the most important technical resistance zones on the chart. A break above 25,500–25,600 would strengthen the bullish case and open the door toward 26,000 and eventually the August record high. Failure at this level would suggest the recent move remains a corrective rebound rather than the start of a new leg higher.