Overview

• The DAX reached a record high of over 22,600 points, marking a 12% increase since the start of the year, fueled by hopes for an end to the Ukraine war and robust global economic conditions.
• European Central Bank's continued interest rate cuts and positive market sentiment have supported the rally, though U.S. inflation concerns and tariff threats loom large.
• U.S. President Trump's proposed tariffs on steel, aluminum, and potentially cars have raised fears of higher inflation and economic strain, impacting market stability.
• The DAX's performance is heavily influenced by its export-driven companies, with 80% of revenues generated abroad and a significant reliance on the U.S. market.
• Analysts warn that the DAX's rapid growth may face corrections, with some sectors and companies, such as Fresenius Medical Care, already experiencing setbacks.