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2026.01.0516:56:30UTC+00DAX Sets New High

On Monday, the DAX index in Frankfurt closed 1.3% higher at a record 24,856 points, outshining its European counterparts. Defense stocks experienced robust demand, with significant gains in Rheinmetall (+9.2%), Renk (+8.6%), and Hensoldt (+7.6%), as investors assessed the ramifications of U.S. military involvement in Venezuela and the potential for heightened tensions. The technology sector also performed well, with Infineon Technologies and SAP advancing by 4.9% and 2%, respectively. Conversely, the automotive sector faced challenges, as Volkswagen declined 3%, followed by BMW (-2.8%), Mercedes-Benz Group (-2.7%), and Porsche Automobil (-2.5%). Market participants are now looking ahead to important economic reports, such as the preliminary inflation figures for December, which are expected to guide central bank policy decisions.

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