Snapshot: The DAX 40 has cleared the 25,000 milestone to trade at its highest level since early June, propelled by domestic relief as the latest ECB wage tracker confirms stable negotiated wage pressures. This constructive wage development, combined with German HICP anchoring firmly at 2.0%, cements a highly supportive policy backdrop for Eurozone equities. The domestic momentum is further amplified by a sharp pullback in WTI crude to $84.65 following an interim shipping agreement in the Middle East.
- Technical Level: The decisive breakout above 25,000 shifts the near-term target to 25,200, with domestic industrial heavyweights like Siemens and Infineon leading the charge as regional equity skepticism fades.
- Session Catalyst: Monitor the upcoming US 08:30 ET macro prints, where any unexpected inflationary print could push US 10-year yields above 4.43% and inject brief volatility into global cash equity desks.
Bias into NY: We are buyers of intraday dips on the DAX 40 targeting 25,150, as the ECB’s clear runway on negotiated wages provides a durable fundamental floor that shields European indices from Wall Street’s pre-data jitters.