Dax aktuell: Dax startet leicht im Plus – aber unter 26.000-Punkte-Marke

Düsseldorf. The German stock market opens the week with no new direction as the leading index, the Dax, trades slightly above 25,924 points. It fails to surpass the 26,000-point mark. Last week, it hit this high of 26,692.90 points before losing all its gains within two days. The record was attributed to euphoria following the US midterm elections, fearing that a clear Democratic victory could dampen the growth of Artificial Intelligence (AI).

Now, the Dax is searching for direction. Andreas Lipkow from analysis firm CMC Markets writes in his daily market analysis that "After the turbulent past weeks, market participants will cautiously approach the new starting point." Investor sentiment indicates that the recent sharp drop in prices are seen as attractive entry opportunities.

This was evident in Friday's trading, where investors accessed Dax stocks, which had fallen double digits the previous day, especially cybersecurity companies. However, for this recovery to continue, more buyers are needed, according to Thomas Altmann from QC Partners.