Dax aktuell: „Eine perfekte Woche wird schwierig“ – Dax baut Minus aus und kämpft nach Gewinnserie um 26.000-Punkte-Marke

The German stock market's Dax index is striving to sustainably defend the round 26,000-point mark. At midday, the leading index repaid its losses, closing below the round mark at 25,830 points and registering a 0.8 percent decline. The Dax index reached an eight-week high. The Dax benefited from positive balance sheets and closed about 1.3 percent in plus at 26,040 points.

This was the highest closing figure since early September. With a rise of 335 points, the absolute growth is even the largest since July. The Dax last hovered above the 26,000-point mark in early September, but was afterwards followed by a series of profit-taking. Will the perfect week finally arrive? If the Dax concludes trading with a positive sign on Friday, it would be five consecutive trading days in the profit zone, last seen in January.

However, portfolio manager Thomas Altmann from QC Partners believes that a "perfect week" might prove difficult. The concern is artificial intelligence (AI). US companies like Alphabet and Amazon are spending billions on new computing centers for AI applications. Investors doubt if these expenditures will pay off. In contrast to the Dax, the companies have closed their technology assets.