DAX 40
NeutralArchived analysis from Sep 7, 2026, 3:32 AM
Key insight
26,619 ATH capped the rally; DAX -0.1% at open Monday, caught between VW-led auto strength and ECB rate-rise risk. Break above 26,620 or below 25,800 50-day MA decides next leg.
Stalls 603 pts below Aug-28 ATH of 26,619 as hawkish ECB bets and 15-yr Bund yield highs cap upside; VW restructuring lifts autos but macro headwinds dominate.
Main risk
ECB rate decision – hawkish surprise
ECB expected +25 bps this week; hot US payrolls add pressure. Bund 10-yr at 15-yr high lifts discount rate on cyclical DAX names.
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