FX.co ★ German Stocks Rally

Germany's DAX index climbed over 1%, reaching past 23,900 on Monday, as it bounced back from a decline that marked a six-week low in the previous session. This uptick was fueled by renewed global market optimism following the resolution of the US government shutdown—the longest in history, having commenced on October 1. During this period, investors also focused on corporate news and earnings reports. Siemens Energy emerged as a notable leader, appreciating more than 4% after Jefferies upgraded its rating from "hold" to "buy." Commerzbank was another standout, advancing nearly 4% after Deutsche Bank similarly upgraded its rating to "buy," driven by anticipated growth in net interest income. Hannover Rück, the reinsurer, saw an approximate 2.7% gain following its Q3 net income results, which surpassed market expectations, prompting an upward revision of its full-year 2025 guidance.