DAX gains at start of trading: optimism after US statements on AI regulation

The DAX rose at the start of trading today. Shortly after the start, there were 25,504 points on the scoreboard in the Frankfurt stock exchange - an increase of 0.4 percent.

The optimism in the AI-driven global technology industry is creating a buying mood. Experts see statements by US President Donald Trump as a trigger. In the evening, after a meeting with leading representatives of the US tech industry in the White House, he spoke out against the idea of ​​global regulation of artificial intelligence.

“Trump has defused an immediate risk for AI investments,” wrote market expert Stephen Innes, pointing out that the US president was giving AI leeway with his statements: “For investors, the message was pretty clear: Washington has no plans to put a regulatory truck on the AI ​​highway, especially while the industry is stepping on the accelerator.”

Trump, on the other hand, wants to rely on self-control. A corresponding agreement was signed at the meeting. Meta CEO Mark Zuckerberg said the companies had agreed to develop “robust internal controls” for their AI systems. Auditors would monitor these procedures and report to company boards.

The US government is also said to be considering setting up a committee of around ten people to oversee the AI ​​industry. Trump described the document as “morally binding” and a kind of “constitution.”

Due to increasing AI security incidents and warnings from AI bosses, calls for the industry to be regulated as internationally as possible had become louder. The ChatGPT developer OpenAI has currently canceled the release of a new AI model due to security concerns.

The good news from an investor perspective that overly strict AI regulation initially appears to be averted increased buying sentiment in Japan, among others. Above all, Softbank's profits drove the Japanese leading index Nikkei up almost two percent. It closed at 66,754 points.

The South Korean Kospi, however, fell slightly at minus 0.5 percent. The Chinese stock exchanges were also rather cautious. The Hang Seng Index of China's Hong Kong Special Administrative Region rose by 0.2 percent, the CSI 300 index with the 300 most important stocks on China's mainland stock exchanges climbed by 0.5 percent.

Investors in the financial markets will continue to look with great interest at how inflation has developed. The Federal Statistical Office presented an initial estimate of the inflation rate for September in the afternoon. Experts expect that the inflation rate could have risen to over three percent for the first time in almost three years. As a result of the Iran war and high energy prices.

Inflation data, more precisely the so-called PCE price index, has also been announced for today in the USA. PCE stands for Personal Consumption Expenditures. The price index is an inflation indicator published by the U.S. Bureau of Economic Analysis that measures the average change in the price of all purchases made by or for U.S. consumers. Experts believe that the PCE index could once again show stubborn price increases in the US economy.

If inflation rises, central banks could find themselves forced to further raise key interest rates. This would make riskier forms of investment such as stocks less attractive compared to bonds.

In addition to concerns about inflation, the unresolved conflicts in the Middle East, high oil prices and interest-related distortions on the bond markets remain a brake on the stock markets.

When it comes to individual stocks, the Commerzbank share was the weakest stock in the DAX with a loss of almost two and a half percent. According to traders, the downgrade of the shares by Deutsche Bank is causing problems for the financial institution. They had set the title to “Hold” from previously “Buy”.