FX.co ★ DAX Set For Fresh Record Highs

On Friday, Frankfurt's DAX index rose by 0.5%, surpassing the 24,120 mark and regaining momentum towards reaching new record highs following a dip on Thursday. This upward movement was influenced by encouraging signs of stabilization in global markets and robust domestic economic performance. Notably, Germany's economy expanded by 0.4% in the first quarter of 2025, surpassing the preliminary estimate of 0.2%, with growth fueled by trade and consumer spending. Leading the stock advances, Siemens Energy climbed by 3.1%, trailed by Bayer at 2.4% and MTU Aero Engines at 1.5%. For the week, the index is poised to climb nearly 1.4%.