DAXEUR

In Germany, nearly 60 million citizens have the right to vote, with the highest voter turnout rate since 1990 at 84%. According to the latest exit polls, the Christian Democratic Union/Christian Social Union (CDU/CSU) ranks first with 29% of the votes, while the far-right Alternative for Germany (AfD) comes in second with 20%. These results indicate that no party will be able to govern alone, making CDU leader Merz a key figure to watch in the new coalition process. Germany's current economic data, particularly the IFO Business Climate Index and Eurozone inflation figures, will play a significant role during the election period.

The technical analysis of the DAX 40 index shows a positive opening post-election, despite recently falling below the key support level of the 55-period moving average. For buyers to gain strength, it is essential to remain above the 21 and 55-period moving averages. Maintaining the levels around 22380 – 22505 could enhance optimism for the index and provide a potential upward move towards the 23000 peak. However, it should be noted that sustained movements below the averages would confirm a downturn.