FX.co ★ European Shares Rise, DAX Hits New Record

European stocks saw an increase on Wednesday, driven by new fiscal stimulus initiatives and progress in trade negotiations between the EU and the US. Germany's DAX index reached a record high after the government passed a €46 billion tax relief package for the years 2025 to 2029. This package aims to support businesses and stimulate economic growth. In parallel, EU Trade Commissioner Maroš Šefčovič characterized discussions with US Trade Representative Jamieson Greer in Paris as "productive and constructive." He indicated that these talks are "progressing positively," suggesting that the EU might obtain an exemption from President Donald Trump's recent decision to increase tariffs on steel and aluminum imports to 50%. On the corporate front, shares of Airbus jumped by over 4% following reports that Chinese airlines might order up to 300 aircraft. The potential deal could be finalized as soon as next month, coinciding with a scheduled visit by European leaders to Beijing.