DAX set for a green start - tariffs remain in focus - 50-day line in sight

The DAX is showing moderate gains in premarket trading. Friday's daily high of 22,318 points is getting closer again. Hopes are rising that the DAX will now succeed in sustainably overcoming the 50-day moving average. This line currently stands at 22,215 points and signals the medium-term trend to investors interested in chart analysis.

On March 18, the German benchmark index reached a new high of 23,476.01 points in light of the Bundestag vote on the financial package. On March 6, the DAX closed at 23,419.48 points—a new all-time high based on closing prices.

After severe turbulence this month, with a temporary loss of almost 17 percent following the tariff conflict triggered by the US in early April, the DAX is now slightly up again. It has recovered by more than 20 percent from the monthly low of 18,489 points. The German leading index is currently just under seven percent short of its record high.

The big question is how far the current rally can go, stated portfolio manager Thomas Altmann of asset manager QC Partners. The key question for the DAX is whether additional buyers will enter the market who believe the previous record highs will be reached quickly. He cautions the future, as statistically speaking, April has been the DAX's best month of the year for quite some time.

JPMorgan investment strategist Mislav Matejka sees the opportunities and risks of international stock markets becoming increasingly attractive compared to the US. Should the news surrounding tariffs continue to brighten, they should benefit more than Wall Street – and suffer less than usual in the event of prevailing recession concerns.

Editorial staff finanzen.net / dpa-AFX