DAX surges 0.94% as SAP and Adidas lead Germany's stock market rebound
Germany's DAX index closed the week on a positive note, rising by 0.94% to reach 24,538 points. The gains were led by strong performances from SAP and Adidas, which climbed 3.61% and 3.94% respectively. A mix of economic optimism and stock market momentum helped push the index higher by Friday's close.
The week began with an early lift from better-than-expected German GDP figures. This positive data set a confident tone for traders. Later in the week, the International Monetary Fund (IMF) revised its growth forecast for Germany in 2026, raising it from 0.9% to 1.1%. The upgrade was linked to fiscal stimulus measures and the effects of tariff protections, which likely contributed to Friday's stock market upswing.
Other economic outlooks also pointed to cautious optimism. Helaba maintained its 2026 growth projection for Germany at 1.2%, up from 0.7% in 2025. Meanwhile, UBS suggested that increased government spending could push growth above current consensus estimates in early 2026. A stronger euro-dollar exchange rate, hovering around 1.1919, may further support export-focused companies in the coming months.
Despite the gains, stock market uncertainty remains. The VDAX-NEW volatility index stayed elevated, signalling lingering unease among investors. Technically, the DAX is trading close to its 50-day moving average, with the 24,350 level acting as near-term support. Analysts will now watch whether the index can hold its ground in the week ahead, with key resistance levels at 24,770 and 25,020 points, and downside buffers at 24,266 and 23,935 points.
The DAX's weekly gain reflects a mix of economic confidence and sector-specific strength. Investors will now monitor whether the index can sustain its upward momentum amid ongoing stock market volatility. Resistance and support levels in the coming week will be critical in determining the market's next direction.
