FX.co ★ DAX Starts Week on Cautious Note

In Frankfurt, the DAX index saw modest gains, reaching approximately 34,330 on Monday, amid light trading as the market entered a Christmas-shortened week. Optimism surrounding AI stocks and the anticipation of potential Federal Reserve easing next year contributed to the positive sentiment. However, geopolitical tensions, particularly in Venezuela, and ongoing negotiations concerning Ukraine, continued to capture attention. Technology stocks showed notable strength, with Infineon Technologies gaining 2.3%, Siemens advancing by 1.5%, and SAP edging up by 0.3%. Conversely, defense sector stocks such as Rheinmetall, Hensoldt, and Renk, each declined by roughly 1%. US Special Envoy Steve Witkoff remarked that recent discussions involving the US, Europe, and Ukraine regarding the resolution of the Russian conflict have been fruitful.