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DAX Inches Toward July Peak on Fresh Global Equity Momentum

Hopes for rate cuts alongside AI momentum sustain risk appetite.

Overview

  • The index is indicated around 24,420 before the open after Monday’s 24,378 close, moving closer to the July record of 24,639 points.
  • Tech-led gains in the U.S., helped by a large AMD deal, and another Nikkei record high are supporting European sentiment.
  • German stocks show resilience despite the U.S. government shutdown and political turmoil in France, where the CAC 40 fell more than 2% at times.
  • OPEC+ agreed to raise output by 137,000 barrels per day from November, a modest step that lifted Brent crude prices.
  • Hannover Rück plans to lift its regular dividend payout ratio to 55% of net group profit, folding past special dividends into the regular payout.