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At the time of writing, the DAX 40 is trading around 26,364 EUR, with the daily timeframe revealing a clear technical pattern.
Global X DAX Germany ETF (NASDAQ: DAX - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $44.93 and traded as high as $46.57. Global X DAX Germany ETF shares last traded at $46.42, with a volume of 46,859
The German government plans an energy cost relief package for businesses and consumers worth €13.3 billion ($15.2 billion) in 2027, to be drawn from the Climate and Transformation Fund (KTF), the finance ministry said on Wednesday.
German Chancellor Friedrich Merz outlined a package of pension, tax and labour reforms on Thursday, along with measures to cut red tape that he said would boost growth, jobs and competitiveness while maintaining social welfare protections.
The number of people employed in German industry in 2025 fell to a 10-year low of just 6.6 million workers, a study by the German Economic Institute (IW) showed on Thursday.
Investor confidence improved unexpectedly sharply on hopes the conflict in the Middle East would end soon and energy prices would drop.
Donald Trump posts ‘Let the oil flow' as US-Iran peace deal sparks immediate drop for Brent crude
European stock index futures were relatively mixed today, June 11, as investors watched the developments in the Middle East and the impact on the energy market. They also wavered ahead of the European Central Bank (ECB) interest rate decision.