This week, the DAX is making its appearance - but what lies ahead for Adidas's shares?

DAX Stages Recovery as Sartorius Shines and Adidas Falters

The German stock market has shown signs of stabilization after significant losses last week, with the DAX currently up 0.5 percent, standing at 18,389 points. The Euro Stoxx 50, on the other hand, is more optimistic, up 0.7 percent and currently at 4,770 points.

Amidst this backdrop, the DAX is witnessing a clear leader and a clear loser. Sartorius, a leading biotech company, is the clear leader in terms of percentage increase among DAX stocks today, with its share price increasing by around 4.6 percent. In contrast, Adidas, a prominent sports equipment manufacturer, is the clear loser in the DAX today, with a loss of four percent.

The decline in Adidas shares was primarily due to the management's cautious stance, as they did not raise the annual forecast despite strong operational results. This move disappointed investors, causing the stock to underperform within the DAX. However, analyst upgrades and positive views from firms like Jefferies and JPMorgan have contributed to a recent recovery and strong gains in Adidas shares, suggesting a potential upward development in the following days as market sentiment improves.

The US interest rate decision is causing uncertainty among investors, but the European Central Bank (ECB) is not causing investor nervousness this week. There is nervousness at the exchanges ahead of upcoming interest rate decisions, but the ECB's stance does not seem to be a cause for concern.

The DAX has a "massive resistance" at around 18,465 points, signaled by the 21-day moving average. However, this does not apply to Sartorius's share price specifically. Analyst Wendy Liu from Barclays expects weak demand in China and sees stronger competition for Adidas, which could slow down the business dynamics in the medium term. Wendy Liu is not discussing the performance of Sartorius in her analysis.

The big question for the floor is whether the Fed will reduce its key interest rate by 0.25 or 0.50 percentage points next week. This decision does not directly affect Sartorius's share price. The WKN for Adidas is A1EWWW.