FRANKFURT (dpa-AFX) - Investors should brace for a weaker start to trading on Thursday for the Dax. With the index slipping below the 24,000-point mark the previous day, it had already become apparent that hopes for a pre-Christmas rally are unlikely to materialize. On Friday, broker IG estimated Germany's leading index to open 0.1 percent lower at 23,934 points, two hours before the start of trading. This widens the gap to the record high of 24,771 points set in October.
According to chart analyst Martin Utschneider from broker Robomarkets, the Dax has "exited its short-term upward trend." Additional pressure is coming from the US markets, as prices in New York slipped further into the red after the Xetra close. Wall Street, and especially the tech-heavy Nasdaq, continued to pay the price for their strong performance in 2025. The Dax is up 20 percent for the year.
The European Central Bank's interest rate decision and inflation data from the US, both of which are significant for the future monetary policy of the US Federal Reserve, will come into focus as the day progresses./tih/jha/
