Market report: Can the DAX defend the 26,000?

Market report Weak Amazon numbers Can the DAX defend the 26,000? As of: October 30, 2026 • 7:44 a.m

The DAX has surpassed the 26,000 point mark again. However, weak figures from Intel and Amazon are unlikely to please investors. The leading German index could fall slightly at the start of trading.

The broker IG Markets estimates the leading German index to be down 0.2 percent to 25,991 points before trading begins. On Thursday, the DAX ended trading with an increase of 1.3 percent to 26,039 points.

“So far, the stock markets have weathered the reporting season and the central bank decisions remarkably well,” said strategist Andreas Lipkow from CMC Markets. Investors once again focused more on the opportunities than on the risks. "Whether this results in a sustainable upward movement now depends crucially on whether corporate profits can continue to justify the renewed optimism."

In the past few days, the US Federal Reserve (Fed) and the European Central Bank (ECB) have kept key interest rates stable. This was what economists and market participants expected. But the markets are now expecting interest rate increases in December.

Economy before eight from October 29th, 2026 Markus Gürne, HR, Das Erste, October 29th, 2026 • 7:55 p.m. Intel shares collapse However, fresh company figures could become a negative factor today. Amazon and Intel, two heavyweights in the US tech industry, presented their balance sheets in the evening after the US stock market closed. From the perspective of investors, they were not convincing.

At the chip company Intel, profits fell by almost 20 percent. The forecast for business prospects was disappointing. At Intel, there is also a downside to the AI ​​boom: demand is so high that the company was unable to meet it. There are also shortages of important raw materials. After the US stock market closed, the shares fell by around 20 percent.

The online retailer said the outflow of cash has increased almost sixfold to $42.4 billion in the past three months. Investors are wondering how the gigantic investments can ever be earned. This development is worrying, said portfolio manager Dave Wagner from asset manager Aptus. "The operational business generates plenty of money, but the investments swallow it up completely."

These do not bode well for the start of US trading. At this early hour on the futures market it looks as if the US technology exchange Nasdaq is losing a lot of ground.

South Korea's tech-heavy Kospi fell five percent, marking a decline of more than 17 percent in October. The Shanghai Stock Exchange lost 0.3 percent to 3,640 jobs. The index of major companies in Shanghai and Shenzhen fell 0.4 percent to 4,026 points.

This topic in the program: tagesschau.de | Stock market 6:45: DAX outlook, weak balance sheets from Intel and Amazon | 10/30/26 | 6:32 a.m