The Frankfurt DAX reached a new all-time high on May 9, 2025, closing at 23,496.37 points, driven by optimism surrounding potential easing of trade tensions and strong tech sector performance. This surge reflects positive market sentiment and the anticipation of progress in US-China trade negotiations.
The DAX's rise is attributed to Germany's tech giants, particularly SAP, which has benefited from a strategic shift towards AI and cloud infrastructure. Siemens Energy also contributed significantly, driven by high demand for renewable energy infrastructure.
Upcoming trade talks between the U.S. and China in Switzerland aim to de-escalate trade tensions, with potential positive impacts on global markets. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will represent the U.S., while Chinese Vice Premier He Lifeng will represent China. While a complete trade deal is unlikely, a temporary pause in tariff increases or an agreement to continue talks is possible.