DAXEUR

The GDP data to be released 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. The markets in Germany will be closed on Thursday due to Labor Day. The German CPI 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 slip into contraction territory 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 consider buying positions on price movements above this level.