Will the DAX remain a puzzle before 2025?
Chatting It Up About the DAX's Final Act in 2022, but Not All Stories End Sweetly
The big question still hangs - will the DAX pull off another spectacular move before the bell rings on the New Year? One MDAX stock, however, might slide down a dark alley before the Christmas holidays. Here's the lowdown on the situation post-vacation.
The DAX kicked off the trading week on a quiet note, losing a mere 0.23% to reach 19,802.64 points in the early minutes. After reaching over 20,500 points before Christmas, the DAX has been in a correction phase, with profit-taking taking center stage. This phase comes amidst lingering uncertainties regarding the interest rate policy of the US Federal Reserve, the economic policy under President Donald Trump, and anticipated economic recovery in China.
Meanwhile, MDAX suffered a 0.61% drop to 25,548.13 points as traders greeted the day, while the Eurozone benchmark index EuroStoxx 50 slid by approximately 0.2%.
DAX (WKN: 846900)
Make way for some noise from Delivery Hero stock after the Taiwanese competition authority rejected the proposed sale of the Food-Panda business in Taiwan. US ride-hailing and delivery service Uber were hoping to buy the unit for around $1 billion. On Tradegate, Delivery Hero's shares plummeted by more than 10% compared to the Xetra closing price on Monday.
Delivery Hero (WKN: A2E4K4)
Despite the rejection of the Food-Panda business sale, US bank JPMorgan has maintained its "Overweight" rating for Delivery Hero with a price target of 49 euros. Analyst Marcus Diebel, in a report published on Friday, saw the move as a significant downer for the food delivery company. He, however, anticipates other positive drivers in the region that could lift the share price, although the stock price may face additional burdens over the coming days.
Worried about the near-term future of your investments? Well, according to various forecasts, the DAX might be in for some significant upward action before the year-end. Some projections suggest the DAX could soar to 26,000 by mid-September 2025 if the momentum continues, far above both current levels and end-of-year predictions from models by other sources. However, conservative predictions suggest the DAX will hover between 22,061 and 25,694by the end of 2025. But remember, there's always a risk of short-term volatility due to company-specific news or external shocks, so keep your eyes peeled.
traders need to pay attention to recent developments, but broader trends hint at a positive outlook for the rest of the year, with technical and fundamental analysis supporting the possibility of additional gains.
Investors should watch out for potential changes in Delivery Hero's stock due to the Taiwanese competition authority's rejection of the proposed sale of the Food-Panda business in Taiwan, which might cause a downturn in its share price. Meanwhile, the finance community is eagerly anticipating the possible significant upward movement of the DAX before the end of the year, with some projections suggesting it could reach 26,000 by mid-September 2025, offering an investment opportunity in the stock-market.
