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DAX Slips Back From 24,000 as Rate-Cut Hopes Cool

Fading U.S. rate-cut odds are pressuring sentiment at a sensitive 24,000 threshold.

Overview

  • Futures pricing from IG points to a drop of nearly 1% to 23,935 after the index closed Monday at 24,132, having briefly reclaimed the 24,000 mark.
  • Strategists describe a potential year-end rally as plausible yet undecided, with 24,000 the near-term battleground and key moving averages weighing on momentum.
  • OPEC+ approved a small output increase for December and signaled no further hikes in the first quarter of 2026, lifting Brent and WTI by roughly 0.8%.
  • Auto shares led Monday’s gains on signs of easing chip-supply tensions with China, while Siemens Energy touched record levels on sustained data-center power demand.
  • Lufthansa faces no immediate pilot strike as VC Cockpit grants more time in a pension dispute, Italian police seized Campari shares worth nearly €1.3 billion in a tax probe, and BioNTech is due to report Q3 with a stated goal of a first U.S. oncology filing by end‑2025.