FX.co ★ DAX Hovers at Record Highs

The DAX in Frankfurt ended Thursday's trading session nearly unchanged at 25,127.5, marking a continuation of its ascent to new highs. This pause follows a series of record-setting sessions and was mildly influenced by some profit-taking activities. The market sentiment remained positive, buoyed by expectations of increased military expenditures on both the European and American fronts, in light of rising geopolitical tensions. Adding to the optimistic outlook, Germany reported a 5.6% rise in factory new orders in November, building on robust growth from the prior two months, which is an encouraging sign for economic recovery. The defense sector remained in demand, highlighted by Renk advancing 2.9% and Rheinmetall gaining 1.2%. Other notable performers included Deutsche Telekom (+3.4%), Bayer (+3.1%), Adidas (+2.6%), and Commerzbank (+1.9%).