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The DAX has demonstrated resilience despite higher European energy prices compared to the US, suggesting it may be more fundamentally sound than the AI-hype driven S&P 500.

Impact: Investors may shift focus from overpriced US tech stocks to more undervalued European equities in the DAX.

— from DAX Analysis: Market Trends and Global Economic Outlook · Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT· Apr 18, 2026