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The DAX briefly reclaimed the 26,000 level as investors used post-election weakness as an opportunity to rotate into industrial, healthcare and energy-transition leaders. Strong gains in Bayer, Siemens and Siemens Energy helped offset weakness in consumer and AI-related growth stocks. With bond yields easing and the dollar weakening after the US midterm elections, investors are increasingly focusing on earnings quality, visible demand and infrastructure-related growth themes.

Philip Papageorgiou
Philip Papageorgiou

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