FX.co ★ DAX Advances for 2nd Day

On Thursday, Frankfurt's DAX index increased by 0.4%, surpassing the 23,800 mark, building on the previous day's gains. This uptick was bolstered by strong performances from technology and automobile stocks, driven by increased optimism regarding trade negotiations. The mood was further lifted by the news of the United States easing some export restrictions on chip designs to China, signaling a potential de-escalation in trade tensions and paving the way for a possible trade agreement. Additionally, Vietnam's trade pact with the US, signed on Tuesday, which removed tariffs on American products, fueled expectations of a comparable agreement between the US and the EU. In economic news, attention will focus today on the minutes from the European Central Bank (ECB) and US employment data, both of which are anticipated to influence economic projections and rate-cut expectations. On the corporate side, Infineon Technologies saw an impressive 2.9% increase at market opening. Continental AG rose by 1.2%, and other major automotive companies like Volkswagen, Porsche, Mercedes-Benz Group, and BMW also reported gains.