Germany's DAX flirts with all-time high a year.

Just a year after it was plagued by political and economic woes, Germany's DAX Index is flirting with a record high. The benchmark gauge is just points away from surpassing its January 2018 peak, following its biggest annual surge in six years. The risk-on sentiment has continued into 2020, with shares rallying on Thursday on optimism the fallout from the US-Iran conflict will be contained and amid positive economic data from Europe's largest economy.

The DAX has seen a strong rebound since it sank to a 2016 low just over a year ago, helped by surging shares of industrials such as Linde and MTU Aero Engines AG...