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DAX trading on Daily Trend Line

DAX was up on Monday after testing the low level of 19083 in the last trading session as performed, well, with Infineon and Zalando gaining 3.5% and 6.4%. On the other hand, banks lagged with Deutsche Bank and Commerzbank dropping 3% and 1.5%. The DAX was up 0.5% to trade at the 19400 level on Monday, tracking a global rise in stocks after Donald Trump said he would nominate hedge fund manager Scott Bessent as Treasury Secretary. The pick offered investors a relief and a sense of stability, with the nominee expected to be supportive of stock markets and favor political stability.