Frankfurt Stock Exchange Outlook (Dec. 21, 2025): DAX Near Record, Holiday Trading Calendar, Index Shake‑Up, and 2026 Forecasts in Focus
Germany’s DAX closed Friday at 24,280–24,290, holding near record highs as the Frankfurt Stock Exchange heads into the Christmas week. The STOXX 600 rose 0.4% to 587.50, ending the week up 1.7%. Thin holiday trading and anticipation of monetary policy shifts have fueled volatility. AI, defense, and financial stocks led gains, with the DAX up more than 20% in 2025.