DAX: DE40 loses 3.2% trimming euphoric gains 📌Infineon surges 10%

10:27 10 April 2025
  • European stock market sentiment is weakening after an euphoric opening. Futures on the DAX (DE40) are down 3%, while the cash DAX is up 5.7%.
  • Infineon, Adidas, Wacker Chemie, and Duerr are among the strongest performers on the German stock market.
  • It remains uncertain whether Europe will suspend or modify the 25% tariffs on the United States, which were scheduled to take effect on April 15.
  • Marshall Wace has reduced its short position in E.ON to 0.5%; the stock is gaining over 2%.
  • Infineon will acquire Marvell’s automotive semiconductor business; the acquisition will not change the company’s risk profile and is expected to boost revenue by 2% year-on-year in 2026, according to S&P Global.

Sentiment on the European stock market is positive today, supported by the prospect of a 90-day suspension of U.S. trade tariffs. Yesterday, the U.S. Nasdaq posted its biggest one-day gain in 23 years, soaring over 12% in a single session. This move has fueled risk appetite and raised hopes for a return of a global equity bull market. However, today we are seeing some profit-taking and a slight cooling of the euphoric rally. Euphoric rebounds are also observed in the fashion and aerospace-defense sectors, where shares of Rheinmetall, Safran, LVMH, and Hermès are rising. Key data for market sentiment, also in Europe, will be released from the U.S. at 1:30 PM GMT — CPI figures and initial jobless claims.

DE40 Chart (H1 Interval)

The DE40 is down 3% today, with selling pressure emerging at the line of least resistance, which still appears to be trending downward. The decline also coincided with the 38.2% Fibonacci retracement of the March 2025 downtrend.

Source: xStation5

Infineon (IFX.DE)

Infineon shares are up over 10% but are correcting their initial rebound, falling from €29 to €27 after the German market opened.

Source: xStation5

Adidas (ADS.DE)

Adidas shares are rebounding by more than 10% today, making it the strongest performer in the German DAX index. The stock remains approximately 10% below its 200-session moving average.

Source: xStation5

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