FX.co ★ Defense Stocks Propel DAX to Record High

On Monday, the DAX index in Frankfurt advanced by 0.9% to surpass the 24,700 mark, setting a new record and outperforming other European markets. Defense stocks experienced a notable surge, with significant gains from Rheinmetall (+6.8%), Hensoldt (+5.2%), and Renk (+4.5%). This rally was driven by escalating geopolitical tensions following a surprising US military intervention in Venezuela, resulting in the capture of President Nicolás Maduro. Additionally, President Donald Trump has issued threats targeting Colombia, Mexico, Cuba, and Iran. The technology sector also benefited, fueled by a global upswing in semiconductor stocks, with Infineon Technologies and SAP seeing increases of 2.6% and 1.1%, respectively. Meanwhile, investors are turning their attention to upcoming economic data, particularly the preliminary December inflation figures, to gain insights into potential central bank policy directions.