DAX Aims for Record Highs: Business Climate and Corporate Figures in Focus

There is a sense of new beginnings at the German stock market. One hour before the start of trading, the DAX is showing a positive tendency, giving investors hope for a continuation of the recent recovery. A slight increase of 0.5 percent indicates that the leading index is targeting its record high from the beginning of the month. This upswing is expected to be supported by a favorable trend in the Ifo Business Climate, which suggests no disturbances for this morning. Additional impetus is provided by the geopolitical scene: Diminishing tensions in the Middle East have investors feeling optimistic. Among corporate news, Deutsche Börse stands out in particular. With its latest business figures, the Eschborn-based company has exceeded market forecasts. A slight increase in revenue and effective cost control lead analysts like Oliver Carruthers from Goldman Sachs to anticipate slight gains in pre-market trading. Therefore, the record high is within close reach. On the other hand, Evotec has to contend with a less positive investor outlook. Experts like Charles Weston from RBC are cautious regarding the biotech company's annual forecast. Both revenue and operating results could fall short of expectations. A mid-term forecast remains unconfirmed and is set to be updated over the course of the year. Additionally, the recent change in leadership raises questions that are overshadowed by the forecast.