DAX 40

Key insight

The DAX is trading at uncharted all-time-high territory above 26,000 for the first time ever — there is no technical overhead resistance, making the next meaningful targets purely projection-based at 27,200 and 28,800 flagged by German technical analysts.

The DAX has broken to all-time highs above 26,000, clearing prior resistance at 25,923 on strong volume and driven by easing US-Iran geopolitical tensions and broad earnings beats.

Main risk

Deutsche Lufthansa earnings shock & single-stock drag

Lufthansa stock plunged 10.6% to €8.26 after a profit warning, representing a heavyweight drag that could weigh on index sentiment if contagion spreads to other industrial names.