The DAX remains weak and closed with another loss on Wednesday, finishing at 24,276.97 points (-0.6 percent). Investors are holding back, anxiously awaiting the start of the Jackson Hole Symposium today. Once a year, leading figures from business, politics, and central banks gather here to exchange views on the current situation and set the course for the coming weeks and months. All eyes are on the statements regarding monetary policy, particularly the ongoing tension between US President Donald Trump and Federal Reserve Chair Jerome Powell. It's no secret that Donald Trump wants to see lower interest rates, and he uses every opportunity to pressure the members and head of the independent Federal Reserve. The DAX is also reacting sensitively to the signals coming from the US.
Henkel Starts Uptrend: Who's Defying Market Weakness?
Despite the general restraint, there were clear winners among individual stocks: Deutsche Bank, Symrise, and Henkel took the top three spots. Deutsche Bank recorded a 1.9 percent gain, followed by Symrise with a 1.8 percent price increase, and Henkel with a 1.6 percent gain. Henkel's performance is particularly noteworthy: the stock appears to have completed its bottoming process and is starting a new uptrend. Positive analyst ratings and expectations of higher margins, despite dampened consumer spending, are supporting this development.
Which Way Will Momentum Break? DAX Awaits the Decisive Push
The tension in the DAX is growing by the day, as the index has barely moved in the past four trading sessions. It lacks momentum in either direction. While the DAX is demonstrating a certain intrinsic strength compared to US indices, the market is waiting for the decisive push to break out of its sideways movement. It remains to be seen whether Jackson Hole will provide that much-needed impulse.
Will the Jackson Hole Symposium provide the clarity the DAX is looking for and lead it to new heights?
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