Dax in the ups and downs: record high in sight despite customs uncertainty!

Dax in the ups and downs: record high in sight despite customs uncertainty!

Frankfurt, Deutschland - On May 30, 2025, the Dax closed on the Frankfurt Stock Exchange at 23,997 points after it rose to 24,181 points in the meantime. This development marks a week-vision gain of 1.6 percent and a May increase of 6.7 percent. However, the DAX record high remains unmatched at around 24,326 points. As reports tagesschau.de , this positive trend is stressed by the continuing negative statements of the US President Donald Trump about China in the ongoing trade dispute.

The decision of a US Federal Court, which declared a large part of the tariffs invalid, and the appeal blockade subsequently imposed, is particularly important. Nevertheless, there is a general uncertainty on the financial markets due to the US government's customs policy. UBS analysts predict that the real gross domestic product of the United States could drop by 1.5 to 2 percentage points this year, which could increase the inflation rate to almost 5 percent, no redemption of tariffs occur.

effects on the markets

The trade war and the associated concerns about the global economy already have an impact on various stock markets. The DAX initially experienced a decline of around 10 percent before a recovery to a minus of 4.13 percent to 19,789.62 points. ZDF also reports from a temporary increase in the DAX to almost 20,800 points, which was quickly rejected by a falconer.

The MDAX fell 3.02 percent to 24,640.54 points, while the EuroStoxx lost 50 4.6 percent. The shares of the large tech companies, the so-called "glorious seven", sometimes learned massive losses: Apple fell 7 percent, Amazon by 6.3 percent and Tesla by 4 percent. Sporting goods manufacturers are also severely affected by the high tariffs on production countries, with Adidas, which fell by 10 percent and puma by 12 percent.

market developments and forecasts

The demand for government bonds increases while the returns are falling. The courses of the ten -year -old German bonds rise and the return has fallen to 2.625 percent, the lowest level since the beginning of March. Also the interest rate of the ten-year US bond Sankt to 4.040 percent-a five and a half month low. In the meantime, the gold price reached a record high of $ 3,167.84 per troy ounce before falling back to $ 3,070. The value of the US dollar drops in parallel, while the euro increases to $ 1.1144.

There are mixed signals in the German economy. The retail trade recorded a decline in sales of 1.2 percent in April, while the lending of the banks in the euro area rose by 2.6 percent. The inflation rate in Germany remains stable at 2.1 percent in May. In addition, the ECB interest rate decision is imminent, whereby a reduction is expected by 0.25 percentage points.

Despite the challenges, there is positive news from some companies: Stratec reported sales and results to 60.4 million euros in the first quarter. In addition, Essilorluxottica announced that Optegra eye clinics, even if the purchase price was not announced.

The next few days will be crucial for the markets, especially with regard to the developments in the US trade policy and the upcoming interest decisions. Analysts, such as Mohit Kumar from Jefferies, are carefully optimistic and, if necessary, expect Trump's steering in the customs question.