The DAX index commenced the last trading week of the year with modest declines after the Christmas holidays. Trading volumes are anticipated to remain subdued as the New Year holidays approach. Developments regarding potential peace in Ukraine, following the weekend discussions between President Zelensky and U.S. President Trump, impacted the defense sector. Notable decliners included Rheinmetall, down 3.2%, Hensoldt, declining 1.9%, and Renk, falling 1.2%.