The DAX stood at 25,124 points on July 10, 2026 – a ~700-point technical correction from the all-time high of 25,826 (July 3). The pullback appears oversold; strong support lies at the 25,000 mark. With the beginning of Q2 earnings season for European corporations in mid-July and positive consumer sentiment from the World Cup, a recovery to 25,400+ within one week appears realistic.
After months of tug-of-war between industry lobbyists and consumer advocates, the revised AI Liability Directive comes to a vote. Political pressure following several high-profile AI failures in EU member states has accelerated the timeline.
The European Central Bank continues its easing cycle that began in autumn 2024. Weak industrial output in Germany and France, combined with declining core inflation, gives the ECB Governing Council majority sufficient room for another 25 basis-point cut.
Based on the current rate-cutting cycle and weak eurozone inflation, another rate cut is likely.