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The German DAX index has continued its upward trajectory, achieving a new record high of over 21,200 points on January 22, 2025, following a four-day rally. Investor sentiment remains positive, bolstered by favorable conditions in the U.S. markets, particularly in technology stocks. Notable performances have been observed in shares of Munich Re, Siemens Energy, and Adidas, which have all seen substantial gains. However, the market is also facing challenges, with concerns over potential impacts from U.S. tariffs announced by Donald Trump affecting German automotive stocks. Additionally, the stock of Puma declined sharply after the release of its quarterly results. The DAX has risen approximately 7% since the beginning of 2025, reflecting ongoing investor enthusiasm despite some volatility in specific sectors.