FX.co ★ DAX Achieves New Peak

Frankfurt's DAX index experienced a 0.9% increase on Wednesday, breaking past 24,300 points to reach a new record high. This surge followed the German cabinet's approval of a significant tax relief package valued at €46 billion, set for implementation from 2025 to 2029, aimed at invigorating businesses and reinvigorating the sluggish economy. Investor sentiment was further bolstered by positive developments in US-EU trade discussions and the prospect of upcoming interest rate cuts by the European Central Bank (ECB). Notably, US Trade Representative Jamieson Greer is scheduled to convene with European Commissioner for Trade Maros Sefcovic, following President Trump's recent tariff escalation on steel and aluminum. Key gainers in the market included Infineon Technologies and Siemens, which recorded increases of 4.1% and 2%, respectively. Additionally, shares of Airbus soared by over 3.5% amid reports that Chinese airlines are considering a purchase of up to 300 aircraft, with a potential agreement anticipated during European leaders' forthcoming visit to Beijing next month. Meanwhile, steel giant ThyssenKrupp saw its shares climb by more than 2%.