DAX struggles to hold 25,000 as selling pressure persists

The DAX index is trading below the 25,000-point mark on Thursday, extending the weakness that has characterized European equities in recent sessions.

The benchmark index is down 0.6% at midday, hovering around 24,848 points as sellers maintain control over the market.

This follows a session on Tuesday where the index broke below the psychological threshold, sliding 1.2% to 24,851 points amid broad-based selling pressure.

Investors are adopting a cautious stance, with the rally seen on Tuesday failing to gain traction.

The market is testing key support levels as uncertainty persists.

The lack of clear directional catalysts has led to a sideways trading pattern, with traders waiting for further clarity on diplomatic developments and macroeconomic data before committing to new positions.

The ongoing struggle around the 25,000 level highlights the fragility of the recent recovery.

With the Federal Reserve rate decision scheduled for July 29, market participants are likely to remain risk-averse until the central bank provides more guidance on its monetary policy path.