The German DAX index has set another all-time high, nearing the 22,000-point mark. This milestone caps off a remarkable week on the stock market, which initially began with a steep drop.

As the trading week wraps up, the DAX continues to impress investors. In early trading, the benchmark index climbed to a record 21,945 points. “It looks like this week will end much like the last one—bringing a smile to the faces of those who boldly bought stocks when prices were falling,” said Jochen Stanzl, a market analyst at CMC Markets.

DAX on Track to Break 22,000

Market experts anticipate that the DAX will soon cross the psychologically significant 22,000-point threshold, a level that holds strong appeal for investors. “The index is likely to push slightly past 22,000 points,” predicted Christian Zoller, a chart analysis expert at ING.

Investor sentiment remains a key factor in market movements. “While U.S. fund managers are becoming more optimistic, private investors in the U.S. are showing a decline in confidence,” noted market analyst Robert Rethfeld from Wellenreiter-Invest. Given the current neutral market environment, stocks could move in either direction without triggering extreme volatility.

A Standout Week for the DAX

Overall, the DAX is on course for a strong first week of February. Currently, it stands at 21,930 points, approximately 0.9% higher than its closing level on January 31. This comes as a surprise considering how the week started. On Monday, market panic over tariffs imposed by U.S. President Donald Trump led to a sharp drop, with the DAX plunging to 21,252 points.

Investors Move Past Tariff Fears

Recently, concerns about a full-scale trade war have eased, thanks in part to China’s measured response to Trump’s newly announced tariffs on Chinese imports. While analysts widely expect that Trump will soon impose additional tariffs on European imports, such worries have taken a backseat in European markets for now as the week comes to a close.