Tough Battle for 24,000: DAX Bulls Barely Cross the Finish Line!
It is a nerve-wracking tug-of-war on the Frankfurt floor: is this a healthy consolidation at a high level or already the final stand for the psychologically decisive 24,000-point mark? Tuesday painted a dramatic picture. While the German leading index held its ground quite well in the morning, the U.S. pre-market pushed the DAX temporarily even below the critical threshold. It wasn't until shortly before the closing bell that a weary liberating blow succeeded, keeping the index just above water with a loss of 0.27% at 24,018.26 points. The big question remains: are investors merely playing for time to avoid taking incalculable risks ahead of today's Fed decision? It is concerning that the typical rally leading up to interest rate meetings is completely absent this time. Inflation fears are returning with full force due to exploding energy prices and the deadlocked U.S. strategy in the Iran conflict.
Scout24 Ignites Buyback Turbo—Starting Gun for the 80 Euro Mark?
Amidst the general market weakness, Scout24 shares emerged as the undisputed star of Tuesday. Driven by a massively accelerated share buyback program, the stock catapulted to the top of the DAX with a price gain of 5.9%. From a technical perspective, this is an important signal: the stock, which is still trapped in a broad downward trend, is now working at full speed on a sustainable bottoming out. The path toward the 80 euro mark seems paved. But beware: a stubborn resistance zone awaits right there, where market participants must first prove whether they have the stamina for a genuine trend reversal.
Fed Decision in Focus: Will Central Banks Provide the Saving Spark?
For today, Wednesday, all signs point to "wait and see" until the evening. Barring any new ad-hoc reports from the Middle East, we are likely facing a quiet, purely technical trading day where defending 24,000 points is the absolute priority. However, attention is undivided on the Federal Reserve and the ECB interest rate decision following on Thursday. If the central banks appear surprisingly less conservative in their communication than feared, that could be the exact spark needed to refuel the equity markets. One thing is clear: market participants are sensitized—every nuance in the central bankers' rhetoric will decide victory or defeat in the next DAX attempt.
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