Despite retreating from early peaks, DAX remains solidly in positive territory on Monday, buoyed by renewed optimism regarding a potential Fed interest rate hike in December and indications of advancement in Ukraine peace negotiations. Investors appear to be dismissing survey results that indicate an unanticipated decline in German business confidence for the month of November.

The benchmark DAX, which surged to 23,401.65, recorded an increase of 119.82 points or 0.52% at 23,216.31. The Ifo Business Climate Index for Germany decreased to 88.1 in November 2025, down from 88.4 in October, falling short of market expectations of 88.5. Firms exhibited increased pessimism regarding the outlook, as the expectations component declined to 90.6 from 91.6. In contrast, evaluations of current conditions saw a modest improvement, rising to 85.6 from 85.3. Where as –

• Bayer is experiencing a significant increase of nearly 10%, supported by
  favorable clinical outcomes for its stroke-treatment anticoagulant Asundexian.
• Siemens Energy is experiencing an increase of 4.7%.
• Infineon Technologies, Heidelberg Materials, BMW, Deutsche Post, Daimler Truck Holding, Qiagen, and Fresenius Medical Care have experienced an increase ranging from 1.4% to 2%.
• Brenntag, Beiersdorf, SAP, Siemens, BASF, Porsche Automobil Holding, Merck, Scout24, and Vonovia are experiencing notable increases.

Meanwhile, Rheinmetall is experiencing a decline of approximately 3.4%. Deutsche Boerse has experienced a decline of 1.4%, with Henkel, Munich RE, Allianz, MTU Aero Engines, and Hannover Rueck also finishing the day with slight losses.