FX.co ★ DAX Sets New High

Germany’s DAX concluded Thursday at 24,611, achieving a modest increase while reaching another all-time high. Investors took a breather after recent market peaks across the Atlantic. Anticipation of further rate reductions by the Federal Reserve, coupled with favorable geopolitical developments in the Middle East, was offset by the persistent political uncertainties in France. In corporate news, Heidelberg Materials emerged as the top performer with a near 3% rise, followed closely by Bayer, which gained 2.8% after unveiling promising 36-month Phase I results for its Parkinson’s cell therapy, bemdaneprocel. Other notable gainers included Deutsche Telekom and Fresenius SE & Co, each advancing by 1.4%, as well as Siemens Energy, which increased by 1.3%. Conversely, Zalando and Hannover Rück experienced the largest setbacks, declining by 3.1% and 2.2%, respectively.