Snapshot: The DAX 40 has cleared the key 25,000 handle to trade at multi-week highs, supported by a highly constructive domestic inflation outlook. Yesterday’s ECB wage tracker confirmed negotiated wage pressures are stabilizing in 2026, consolidating the disinflation trend alongside Germany’s HICP at 2%. This supportive domestic backdrop is amplified by a 4.5% slide in WTI crude to $84.65, which has supercharged industrial and tech heavyweights like Siemens and Infineon.
- The structural breakout above 25,000 is reinforced by institutional inflows as global desks capitulate on underweight Europe stances, leaving 24,850 as firm short-term support.
- Watch the upcoming US 08:30 ET data block; any upside pressure on US Treasury yields could briefly cap the interest-sensitive tech components that have led this six-day rally.
Bias into NY: We are structurally long targeting 25,180 into the New York open, with the combination of cooling German inflation and collapsing energy input costs keeping the path of least resistance firmly higher.