Suche
Mein Konto
DAX reaches record high – Commerzbank and customs policy under pressure!
Salzgitter sees a 5.8% increase in the steel sector, while the DAX hits a record high. Current market analyses.
DAX reaches record high – Commerzbank and customs policy under pressure!
The DAX flexed its muscles again today, Tuesday, July 9, 2025, reaching a new record high with a closing level of 24,481 points. This corresponds to a whopping increase of 1.13 percent and exceeds the previous record from the beginning of June. How the shareholder reports, the SDAX also reached a record, while the MDAX shone with an increase of 1.21 percent to 31,432 points. Such developments make some analysts think; Jochen Stanzl emphasizes that many investors are increasingly directing their capital to Europe and Germany due to the uncertain US customs policy.
There is currently a particular focus on US customs policy. President Donald Trump has extended the deadline for new tariffs on European goods to August 1 and said he would impose special tariffs on copper imports of 50 percent, as well as on pharmaceuticals and semiconductors. This exacerbates already tense trade relations and puts the DAX under pressure compared to Wall Street, where the indices are reaching new records Frankfurt Stock Exchange determines.
Stocks up and down
The Commerzbank share suffered a setback today and lost 0.7 percent after being temporarily positive. Nevertheless, other companies in the industry are enjoying the market. Unicredit has doubled its shareholding in Commerzbank, increasing it from 10 to 20 percent. With this measure, Unicredit has posed challenges to the federal government and Commerzbank, as there is resistance to the takeover intentions.
On the other hand, there are defense stocks that are also in focus today: Rheinmetall recorded an increase of 0.7 percent, Renk rose by as much as 4.8 percent, while Hensoldt increased by 0.5 percent. Analysts at JPMorgan have raised their price target for Renk and now rate the stock “Overweight”.
Steel and copper as growth drivers
The steel sector is also showing strong, with Salzgitter up 5.8 percent and Klöckner up 2.1 percent, driven by positive news in the industry. In addition, Aurubis is benefiting from the record high price of copper and is increasing its shares by 5 percent. The euro is currently above $1.17, which could weigh on German exports, according to analysts.
However, the nervousness in the market remains noticeable, not least due to the geopolitical tensions in the Middle East and the upcoming economic data from the USA. The market is expecting strong numbers, particularly from the labor market, where 110,000 new jobs are forecast. The coming days will be exciting, with some investors holding out hope that the Fed will cut interest rates in September and December, which could give markets a further boost.
What happens next will be shown not only by the interest rate decisions, but also by the developments in the trade conflict with the USA. While the ceasefire between Israel and Iran is depressing oil prices and having a positive impact on stock prices, it remains to be seen what turns the markets will take.