FX.co ★ DAX Hits New Milestone

The DAX index in Frankfurt surpassed the 24,300 level on Wednesday, marking its third consecutive session of gains and nearing new record highs. Investor sentiment remained buoyant, fueled by optimism surrounding the easing of trade tensions. This upbeat mood followed President Donald Trump's characterization of US-EU trade discussions as 'positive.' In response, the European Union has agreed to expedite negotiations with the United States, following Trump's decision to postpone imposing a 50% tariff on the EU until July 9, extending it from the initial deadline of June 1. Domestically, Germany experienced an unexpected 0.4% year-over-year decline in import prices for April. Investors are now turning their attention to the forthcoming German labor market data scheduled for release later today. Within the corporate sector, the aerospace and defense industry stood out for its performance, with automotive manufacturers such as BMW, Mercedes-Benz Group, and Volkswagen also showing significant gains.