FX.co ★ DAX at Over 1-Month High

Frankfurt's DAX index hovered just above the unchanged mark at approximately 24,305 during the last full trading day of the Christmas week, marking its highest point since November 12. While the European markets showed varied performances, investors focused on significant U.S. economic metrics, such as GDP, durable goods orders, and industrial production, to anticipate future actions by the Federal Reserve. Meanwhile, geopolitical events remain on the radar. In individual stock movements, Zalando recorded a 1.3% increase, leading the gainers, followed by Symrise, RWE, and Vonovia each climbing 0.7%, and Airbus up by 0.6%. Merck and Bayer each saw a 0.2% rise, buoyed by the announcement that Danish pharmaceutical giant Novo Nordisk has received approval to sell its weight-loss medication Wegovy in the U.S. market as a tablet starting January. On the downside, major auto manufacturers like Porsche Automobil, Volkswagen, and BMW experienced slight declines of 0.4%, 0.3%, and 0.3%, respectively.