FX.co ★ DAX Up for 4th Day

Germany's DAX experienced a subdued start on Thursday before inching higher to approximately 23,800, marking its fourth consecutive session of gains. Investor sentiment was bolstered by increasing expectations of a potential Federal Reserve interest rate cut in December, along with hopes for a resolution to the conflict in Ukraine. Investors are also turning their attention to forthcoming economic data from the Eurozone. Deutsche Börse emerged as the front-runner, climbing 3.6% after American bank JPMorgan upgraded its stock rating from "Neutral" to "Overweight" and increased its price target to €292. Following closely were Rheinmetall, Infineon Technologies, and Heidelberg Materials, each posting gains exceeding 1%. Beyond the primary index, Puma shares drew significant attention amid takeover rumors. The stock soared over 14% on reports that China's Anta Sports may be considering a bid for the company based in Herzogenaurach, with Bloomberg also mentioning Li Ning and Asics as potential contenders.