DAXEUR

The GDP data to be announced on Wednesday is of critical importance for the German stock market. Hopes of emerging from technical recession (expectation: 0.2% growth) may boost investor confidence. The markets in Germany will be closed on Thursday due to Labor Day. The German CPI data is expected to remain stable, which supports expectations that the ECB may cut interest rates in June. The expectation that China's Manufacturing PMI will enter the contraction zone could pose a risk for export-oriented German companies. For the DAX index, the significant support level is 22,196, and it is deemed appropriate to evaluate buying positions in price actions above this level.