The first full week of trading on the Dax could be bumpy.

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FRANKFURT (dpa-AFX) – After two brilliant years on the stock market, the German stock market got off to a bumpy start in the first full trading week of the new year. “The Dax continues to look in vain for convinced buyers to push the leading index back above the 20,000 mark,” said market analyst Jochen Stanzl of the trading house CMC Markets. The upcoming inauguration of Donald Trump as US president on January 20 will put investors’ resolve to the test. According to experts, the Republican will likely push ahead with his “America First” policy by, for example, increasing import tariffs.

The experts at Landesbank Baden-Württemberg (LBBW) were only slightly more optimistic about the outlook for the stock markets: “The outlook for 2025 is solid, but not spectacular.” The outlook is only cautiously positive, especially since risks such as the ongoing geopolitical conflicts continue to persist and could at least temporarily…

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