13.01.202614:26:53UTC+00DAX Breaks Records, Outperforms in Europe

The DAX index in Frankfurt experienced an upward movement on Tuesday afternoon, approaching the 24,500 mark, establishing new highs and defying broader European trends. Investors assessed U.S. economic data alongside favorable corporate news, all while closely monitoring geopolitical developments. In December, core consumer prices in the U.S. increased at a slower pace than anticipated, fueling optimism for a gradual reduction in inflation and potentially paving the way for the Federal Reserve to consider cutting interest rates later this year. Concurrently, President Trump is contemplating actions against Iran and recently issued a threat of imposing 25% tariffs on nations trading with Iran. Notable stock movements included Zalando, which rose by over 5% following an upgrade from Barclays, which changed its rating from "equal weight" to "overweight," highlighting reduced risks associated with AI. Additionally, Symrise saw a 4% increase after announcing both the divestment of its terpenes division and a €400 million share buyback initiative.