FRANKFURT (DEUTSCHE-BOERSE AG) – The DAX remains stagnant for now. Yet, seasonal factors are repeatedly cited–after all, year-end rallies are indeed common. Meanwhile, warnings about an AI bubble are growing louder.
November 3, 2025. FRANKFURT (Borse Frankfurt). The DAX continues to lag behind the U.S. stock market. While the DAX has been moving sideways since May, the S&P 500, Dow Jones, and Nasdaq once again reached new highs last week. “Apparently, some investors are skeptical–due to persistently disappointing economic data–about whether the new government can truly return the German economy to sustainable growth,” comments Andreas Hürkamp of Commerzbank.
There has been some calm in the trade dispute. “Trade tensions appear to have eased somewhat following the meeting between the two most powerful men in the world, Trump and Xi,” explains Ulf Krauss of Helaba. For Western industries, the announcement of a solution for…


