Snapshot: The DAX 40 has convincingly cleared the 25,000 milestone as Eurozone inflation settling at 2.0% and ECB’s Philip Lane outlining a constructive economic path underpin regional equities. This domestic support is amplified by easing global energy anxieties following the US-Iran framework agreement, which has kept WTI crude stable around $95.
- German corporate defense is in clear view as Commerzbank gains 1.6% on Berlin’s rejection of UniCredit’s hostile bid, reinforcing local market stability with 25,000 now serving as critical psychological pivot support.
- The primary external threat is the US 08:30 ET data release; any upside surprise that lifts US 10-year yields beyond 4.48% risks putting pressure on the index’s heavily weighted automotive and technology sectors.
Bias into NY: We hold a bullish bias above 25,000, targeting 25,150. Deflated German HICP of 2.0% gives the ECB ample room to maintain its supportive stance, which should insulate DAX industrials from the drag of rising US 10-year real yields at 2.17%.