(RTTNews) - The German stock market's benchmark index DAX climbed to a two-week high Monday morning, led by gains in defense and banking sector stocks. AI-related concerns eased a bit, and investors reacted positively to the data showing a sharp improvement in Eurozone investor sentiment in the month of January.
The DAX, which rose to 24,948.58 pared a substantial portion of its gains subsequently, and was up 72.78 points or 0.29% at 24,792.08 a little while ago.
Commerzbank climbed nearly 2.5%. Siemens Energy, SAP, Heidelberg Materials and Rheinmetall gained 1.75%-2%.
Scout24, Zalando and Deutsche Post moved up 1.1%-1.5%, while Siemens, Volkswagen, RWE, BASF, Bayer, Adidas, Merck and E.ON gained 0.4%-0.8%.
Freseninus Medical Care and Siemens Healthineers lost about 1.7% and 1.3%, respectively. Vonovia, Qiagen, Daimler Truck Holding, Symrise, Brenntag, Hannover Rueck, Henkel and Infineon Technologies drifted down 0.8%-1.1%.
On the economic front, Investor morale in the Eurozone improved sharply in February, with the Sentix Investor Confidence Index rising to 4.2 from -1.8 in January. The increase in February marked the third consecutive monthly rise, and the highest score since July 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
