The Dax started the trading day on Monday in a friendly manner. At around 9:30 am, the leading index was calculated at around 22,360 points, which is 0.5% above the closing price of Friday. At the top of the price list were Daimler Truck, Airbus and Fresenius, while Continental and the two reinsurers were at the bottom.
According to Thomas Altmann from QC Partners, the big question for the markets at the moment is how far the current rally can go. The temporary April losses have almost been fully recovered. “The decisive question now is whether there are further buyers coming into the market who believe in a quick approach to the previous record highs.”
Statistically, April is the best month for the Dax in the entire year, according to the market expert. Over the past 25 years, from 2000 to 2025, the index has on average risen by 3.11% in April. And currently, the Dax has the chance to follow another positive April.
“However, it is noteworthy that the implied volatilities remain above-average despite the impressive recovery” Altmann continued. The most well-known volatility index, the VIX, is still at 25. The average value of the past ten and even fifteen years is here at 18. “This shows how many people doubt the current recovery.”
The European community currency was slightly weaker on Monday morning: One euro cost 1.1343 US dollars and one dollar was accordingly worth 0.8816 euros.
Meanwhile, the oil price rose slightly: A barrel of North Sea crude oil cost around 9 am German time 66.94 US dollars; this was 7 cents or 0.1% more than at the end of the previous trading day.