02.01.202617:01:49UTC+00DAX Starts 2026 on Higher Note

The DAX index in Frankfurt rose by approximately 0.2% to close at 24,524 during the initial trading session of 2026, remaining near the peak levels recorded in October. This movement continues the strong upward trajectory seen in 2025, where the index gained 23%. However, trading volumes remained subdued as the market is still adjusting after the New Year holiday. Leading the market were stocks in the defense and aerospace sectors, buoyed by ongoing geopolitical tensions and the anticipation of increased military expenditure. MTU Aero Engines emerged as the top performer with a 4.5% increase, accompanied by gains from Hensoldt at 4.4%, Airbus at 2.9%, Rheinmetall at 2.6%, and Renk at 2.3%. Additionally, automotive stocks experienced notable gains, with BMW, Mercedes-Benz Group, and Volkswagen seeing increases of 3.4%, 3.1%, and 2.8%, respectively. Conversely, shares of Munchener Ruck, Hannover Ruck, and SAP declined, falling by 3.8%, 3.2%, and 3% respectively.