Germany’s DAX rose more than 1% to surpass the 24,100 mark on Monday, rebounding from steep losses on Friday, as worries over the US banking sector subsided. Investor sentiment was further boosted by signs of improving trade relations between the US and China, after President Donald Trump indicated he may consider lowering tariffs on Chinese imports if Beijing offers new concessions. Defense shares led the rally, with notable gains from Renk (+5.2%), Hensoldt (+4.3%), and Rheinmetall (+3.9%). On the downside, Thyssenkrupp plunged more than 22% following the spin-off of a minority stake in Thyssenkrupp Marine Systems (TKMS), part of its ongoing restructuring.
