Dax current: Dax is looking for direction – Adidas is at the top according to new figures

Dusseldorf. Optimists and pessimists on the German stock market are fighting over the current sovereignty of interpretation. The leading index Dax lacks a clear direction these days. This is where the upcoming balance sheet season comes in very handy.

After a cautious start to Wednesday trading, the Dax rose by one percent to 25,570 points in the afternoon. He had already made up his daily losses the day before. There are also signs of a rather friendly start to trading in the USA.

In the medium term, the DAX remains in its sideways range of several weeks. As soon as it approaches or exceeds the 25,500 point mark, profit-taking quickly sets in. If it falls back to the 25,000 mark, new buying interest arises. A real trend is hardly recognizable.

The general market environment remains characterized by high uncertainty. This is largely due to the ongoing war in the Middle East and the consequences for the energy markets as well as doubts about financing for expanding AI capacities.

Hard fundamental data on the course of the third quarter in the corporate sector at least gives investors new orientation. Two DAX companies, Adidas and Deutsche Börse, have already presented strong figures on Tuesday evening. Both the sporting goods manufacturer and the stock exchange operator have raised their forecasts.