FX.co ★ DAX Pushes Toward New Record Peak

The DAX index in Frankfurt experienced a gain of over 0.5%, nearing the 23,900 mark on Friday, suggesting a potential record high for the second consecutive day. Market sentiment remained buoyant amidst cautious optimism that global trade tensions might be diminishing. Adding to this positive outlook, European Union officials announced on Thursday that they are advocating for a more extensive tariff reduction agreement with the United States, surpassing those currently under negotiation with the United Kingdom and China. They also noted that discussions are progressing well. Within the corporate sector, healthcare stocks spearheaded the advance, with Bayer and Merck seeing increases of 2.9% and 1.4%, respectively. For the week, the index reflected a 1.6% gain, indicating its fifth consecutive week of upward movement.