DAX

Goldman sees 7.7% annual global equity returns, urges investors to look beyond the U.S.

• Goldman’s outlook reinforces a pro-risk tilt, favouring diversified global equity portfolios with increased emerging-market exposure, especially if a softer dollar materialises.

German tax revenue rises 2.6% in September, but finance ministry warns of weak economy

• Despite a 2.6% rise in September tax collections, Germany's finance ministry has warned that weak economic momentum, highlighted by falling exports and stagnant growth, will limit future revenue.

ICYMI: Deutsche Bank upgrade Europe vs US, sees 12–16% upside. Stimulus & earnings rebound

• Deutsche Bank has turned bullish on European stocks versus the U.S., forecasting 12–16% upside through 2026. The upgrade reflects expected earnings growth, Germany’s fiscal stimulus, low valuations, and easing trade tensions. Europe's long-run lag behind U.S. equities may finally reverse.

JP Morgan turns bullish on Eurozone stocks, upgrades region to overweight

• JPMorgan upgraded Eurozone equities to overweight, saying valuations have improved and sentiment reset after a long consolidation. Said “the time is coming to turn bullish” as catalysts like German stimulus emerge.

Implied volatility levels for US500, NAS100 and GER40

• Daily implied volatility support and resistance for major indices

European indices close mixed to end the trading week

• Mixed results for the major indices this week

This is why you should be nimble when trading

• The DAX is erasing most of the losses following Merz's loss in the first voting round as expectations for a quick resolution build

The DAX index falls as auto stocks get slammed on Trump's 25% tariffs

• The DAX index opened more than 1% lower today following yesterday's announcement of 25% tariffs on auto imports

DAX Trading Map Today

• DAX Futures Today - Key Price Levels by tradeCompass

European shares end with solid gains as risk on sentiment increases