German 30 (DAX) Price Forecast Hits 18,205; Tech Stocks and ECB Moves in Focus
The German 30 (DAX) recently experienced a significant uptick, climbing 1.50% to close at 18,205.94, showcasing the market’s optimistic stance. The week was highlighted by remarkable gains in the technology sector, with Siemens Energy AG soaring by 6.54% and SAP by 4.05%, contributing to the bullish momentum. Furthermore, Infineon Technologies added a 2.87% increase to the mix.
The banking sector, including Deutsche Bank and Commerzbank, enjoyed gains of 2.57% and 1.18%, respectively, reflecting a positive economic outlook.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, FSC, ASIC, CySEC, DFSA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Conversely, the auto sector presented a mixed picture; BMW and Mercedes Benz recorded losses of 1.47% and 0.62%, while Volkswagen bucked the trend with a 0.20% increase.
Economic Indicators & ECB Focus
Investor attention shifts to Friday’s German business sentiment for March, with the Ifo Business Climate Index expected to rise from 85.5 to 86.0. A stronger-than-anticipated figure could further fuel interest in DAX-listed companies.
The European Central Bank’s (ECB) stance, particularly from President Christine Lagarde and Chief Economist Philip Lane’s forthcoming comments, could also play a crucial role in shaping market sentiment, especially regarding potential rate adjustments.
Upcoming Economic Events
- Tuesday: German GfK Consumer Climate expected to improve from -29.0 to -27.7.
- Wednesday: Spanish Flash CPI projected to rise from 2.8% to 3.1% year-over-year.
- Thursday: German Retail Sales month-over-month forecast to increase from -0.4% to 0.4%.
- Friday: A series of indicators, including French Consumer Spending and Prelim CPI, will provide further insights into the Eurozone’s economic health.
This blend of corporate performance and imminent economic data paints a dynamic week ahead for the DAX, potentially influencing investment strategies and broader market dynamics.
German 30 (DAX) Price Forecast: Technical Outlook
ABOUT THE AUTHOR
See More
Add 3442
Related Posts
Add 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top Broker