On Friday, Frankfurt's DAX experienced a notable uptick, closing approximately 1.6% higher at 24,033, marking its strongest performance since June 9. This increase was in tandem with positive trends observed in both European and global markets. The market rally was fueled by encouraging developments on the trade front, including the US-China agreement and the possibility of postponing tariff implementations affecting Europe. Additionally, the Iran-Israel truce remains intact, with diplomatic measures actively underway to encourage Tehran's return to negotiations.
From a corporate perspective, the gains were widespread, with the automotive sector leading the charge. Porsche led the index with an impressive rise of 7.6%, followed closely by Daimler Truck Holding, BMW, Mercedes Benz Group, Continental, and Volkswagen, which saw their values increase between 3.9% and 6.1%. Other sectors, including retail, technology, pharmaceuticals, and materials, also recorded significant advances. Over the course of the week, the index rose nearly 3%.
