Dax 40: Consolidation Amid Technology Sell-Off

The article says the DAX 40 is consolidating after a broader global tech sell-off that hit European equities, driven by concerns over the profitability of debt-funded AI infrastructure spending by major US tech firms. German chipmaker Infineon and other domestically sensitive names fell sharply, while SAP and Airbus were resilient. Technically, the index has retreated from around 25,450 in late May to a 23,970 low, then moved into a sideways range between roughly 24,460 and 25,070, with resistance near 25,210 and support near 23,970. The neutral RSI and flattening moving averages suggest weak momentum and no clear directional bias for now. Overall, the piece implies near-term range trading unless the lower support breaks or the upper range is reclaimed.