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DAX opens higher but will it hold the opening gains?
The European stock markets have just this minute reopened and it has been a modestly higher opening. The DAX just kicked off the new session above 22,500, after closing yesterday at 22,433.63. The rebound across Europe comes after what was a really negative series of closes for the major indexes and one highlighted by a particularly negative close for the DAX. The DAX was pushed lower by the Auto maker sector yesterday, as the threat of 25% tariffs from the US came back on the table. Further to that the results from Mercedes earlier today were truly appalling and that is surely a headwind? The German car giant saw car sales slide and net revenue fell from 1.72 billion Euros to just 752 million in 2024. The DAX is still technically vulnerable today and of course subject to a further correction prospect ahead of those vital German elections at the weekend. The index is right now at 22,530
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