DAX：これはEU株式にとって単なるデッドキャットバウンスなのか？

It's a fair point on the short covering, and I agree the fundamental picture for sustained upside is still murky. What specific economic indicators or policy shifts would you need to see to change your outlook on EU equities?

It's a fair point on the short covering, but you're also ignoring the fact that a lot of the bad news is already priced in. Fundamentals don't shift overnight, but sentiment can, and that's often enough for a decent relief rally.