Dax targets new record as oil slide fuels German equity rally

The Dax opened sharply higher on Monday, targeting a new all-time high as a steep decline in oil prices provided a tailwind for European equities.

The X-Dax signalized a 1% gain, placing the German benchmark at 25,895 points in early trading.

This move extends the momentum from the previous session, where the index briefly touched 25,809 points to set a fresh record.

This move extends the momentum from the previous session, where the index briefly touched 25,809 points to set a fresh record.

The rally is being driven by lower energy costs, which are easing inflationary pressures and boosting investor confidence in the German economy.

The synchronized global rally, supported by strong performance on Wall Street, has created a favorable backdrop for European markets.

Traders are positioning for a strong start to the week and the month, capitalizing on the improved risk sentiment.