FX.co ★ DAX at 3-Week High

Frankfurt's DAX experienced a nearly 1% increase on Thursday, surpassing the 23,905 threshold, the highest point seen since November 13. This surge followed a minor dip the previous day, reflecting a more optimistic sentiment prevalent in global markets. The release of weak U.S. labor data on Wednesday has bolstered expectations of an interest rate cut by the Federal Reserve next week. Simultaneously, investors are keeping a close watch on developments regarding the Ukraine peace agreement. Notably, Porsche and Mercedes were frontrunners on the index, advancing by 3.8% and 3.4%, respectively, after receiving positive evaluations from Bank of America. Siemens Energy also showed robust performance, climbing 2.7% thanks to an upgraded "Overweight" rating from JP Morgan, up from "Neutral." Other significant gainers comprised Daimler Truck, Volkswagen, BMW, Infineon Technologies, Zalando, and Siemens, each posting approximately 2% increases.