DAXEUR

The GDP data to be announced on Wednesday is of critical importance for the German stock market. The hope of emerging from a technical recession (expectation: 0.2% growth) could boost investor confidence. Markets in Germany will be closed on Thursday due to Labor Day. Germany's CPI data is expected to remain stable, which supports expectations that the ECB could cut interest rates in June. The expectation that China's Manufacturing PMI data will move into contraction territory could pose a risk for export-oriented German companies. For the DAX index, 22,197 is noted as an important support level, and buying positions are deemed appropriate for price actions above this level.