Germany's DAX index has reached a new record high, surpassing 21,500 points for the first time on January 24, 2025. The index has been on an upward trend, gaining 7% since the beginning of the year and achieving all-time highs for seven consecutive sessions. Key stocks contributing to this rally include Munich Re, Adidas, and Siemens Energy, which have shown strong performance. However, shares of Puma have declined following the release of its quarterly results. The market's positive momentum has been attributed in part to the influence of US President Donald Trump's policies, which have also affected stock prices in the US, particularly in the technology sector. Investors remain optimistic, with discussions ongoing about whether the DAX has become overheated as it continues to climb.