Overview
- The DAX ticked up about 0.2% to roughly 24,535 in holiday-thinned trade, leaving it within 100 points of its October peak.
- Gold rose to around $4,374 and silver to about $74 per ounce, continuing 2025’s rally after late-year CME margin hikes spurred brief selloffs.
- Strategists outline a constructive 2026 with consensus year-end DAX targets near 26,000, pointing to anticipated rate cuts in the US and a firmer European economy.
- Geopolitical tensions and a potential pullback in AI-driven valuations remain prominent risks, with China reasserting reunification claims over Taiwan and conducting drills.
- European breadth improved as the Euro Stoxx 50 notched a record high, though volumes stayed muted with some major Asian markets closed.