Weekly outlook: All eyes on Wednesday

“Take advantage of major price losses for acquisitions”

According to Robert Halver of Baader Bank, the stock markets have been rather carefree so far, but the “trade cow” is not out of the woods yet. “Even if the world does not become a globalization diaspora, in the end, the tariff level on US imports will be at least three times higher than before Trump took office,” he notes. Price setbacks are possible. “Nevertheless, investors will stick to their assessment that Trump's tariffs will not cause any major damage. Greater price losses should therefore be used for additional purchases.”

Robert Halver 

“Outlook for German equities positive”

According to Ulrich Kater of DekaBank, German equities performed “excellently” in the first half of the year, gaining almost 20 percent in value – especially considering the numerous geopolitical turbulences and the trade conflict with the US. However, he notes that there has been “only” a sideways movement in the past month and a half, while US stocks – at least in US dollars – have continued to rise. He points to the upcoming reporting season for the second quarter, which will begin in mid/late July. “In the medium and long term, the outlook for German stocks remains positive, so investors should consistently buy during periods of weakness.”

Ulrich Kater 

Chart analysis: “Don't rest on your laurels”

According to chart analyst Christoph Geyer, the DAX has successfully tested the support zone but has not reached its previous record high again. Instead, it is now treading water. “Even though this is happening above the support zone, we mustn't rest on our laurels,” he notes. The upcoming seasonal phase is not particularly promising, and the current stagnation is a sign of waiting rather than investing. Against the backdrop of the upcoming seasonality, Geyer considers such a wait-and-see approach to be unlikely to succeed and advises stock picking and the liquidation of individual risk positions. 

Christoph Geyer