DAX Approaches Critical 19,000 Points Amid Global Market Pressure
The DAX index is teetering on the edge of the crucial 19,000-point mark as bearish sentiment grows among investors in the German stock market. While pre-market indicators suggest a 0.3% decrease to 18,955 points, the index briefly dipped to 18,838 points yesterday. The lack of positive cues from Wall Street, coupled with a strong U.S. dollar impacting commodities like gold and oil, exacerbates concerns. Additionally, major corporations like Deutsche Telekom and Siemens are adjusting forecasts, signaling mixed prospects ahead. Meanwhile, Bayer faces a significant short bet as its stock hits a 20-year low due to profit downgrades.