The DAX 40 experienced volatility, rebounding after President Trump’s Greenland comments, but remaining cautious due to geopolitical tensions, US administration decisions, and Ukraine war negotiations. Investors also reacted to fresh economic data like PMI surveys and corporate earnings, with German PMI figures exceeding expectations. The index was set to decline about 1.7% for the week.
- DAX 40 hovered around 24,860.
- Investors cautious due to geopolitical tensions and US administration decisions.
- Ukraine war negotiations showed renewed momentum.
- German manufacturing and services PMIs topped expectations in January.
- Defense stocks Hensoldt, Renk and Rheinmetall were among the best performers.
- Siemens Energy, SAP, and Bayer also advanced.
- BASF dropped after preliminary earnings missed guidance and expectations.
- Index was set to decline about 1.7% for the week.
The overall sentiment surrounding the asset is one of cautious optimism. While positive economic data and developments in certain geopolitical areas provide some support, lingering uncertainties and disappointing corporate earnings continue to weigh on investor confidence. The mixed performance of various sectors within the index highlights the complex and dynamic nature of the current market environment.