The DAX 40 has had a positive start to the week, with a 0.7% increase to a record 19,501 points. This rise is due to gains from major companies like SAP, Deutsche Telekom, Allianz, and Airbus.

The improved economic outlook is supported by recent US inflation and employment data, which align with a soft-landing scenario. Technically, the DAX's breakout above the 19,000-point resistance level suggests a bullish medium-term outlook. Speculators are looking at the 20,000-point threshold as a potential target for profit-taking.

Analysts believe that a further rise to 21,000 points is possible, especially after the upcoming US presidential election on November 5. Historically, the DAX has experienced significant gains following the elections in 2016 and 2020, with increases of 20% and 12% respectively. Traders are advised to consider buying above 19,000 points, with targets set at 20,000 and 21,000 points. It is recommended to maintain a stop-loss at 18,700 points to effectively manage risk.