09.02.202611:53:29UTC+00DAX Pare Some Gains

Frankfurt’s DAX 40 trimmed earlier gains but still traded slightly higher around 24,780 on Monday, holding near a two-week high. Global risk appetite improved after Japan’s ruling party secured an election victory, though investors remain wary about an uncertain economic outlook and the potential impact of artificial intelligence across multiple sectors.

Market focus stayed firmly on the corporate earnings season, with rising anticipation for this week’s macroeconomic releases from both Europe and the United States. Banks and industrials led the advance. Commerzbank topped the index, climbing nearly 2%, supported by strong results from Italian banking major UniCredit, which is pursuing an acquisition of the German lender.

Defense stocks were also in demand, with Rheinmetall gaining 1.6%. On the downside, Fresenius Medical Care and Infineon Technologies underperformed, each losing around 2%.