Overview
- The DAX closed Monday up 1.65% at 23,959 and is indicated another 0.4% higher to 24,052 before the open, with overnight calls briefly topping 24,100.
- The U.S. Senate approved a transition budget that still requires House passage and President Donald Trump’s signature before it takes effect.
- U.S. equities extended their rebound, with the Nasdaq 100 up 2.2%, the S&P 500 up 1.5% and the Dow Jones up 0.8%.
- Asia’s performance was mixed as Japan rose and China slipped, while gold jumped to above $4,100 per ounce and Brent crude hovered near $64.
- Stock-specific drivers supported the DAX, including Siemens Energy gaining more than 4% on a Jefferies €134 target and Hannover Rück raising its profit outlook to about €2.6 billion this year and at least €2.7 billion next year.