FX.co ★ DAX Hits Fresh Highs, Outperforms

The DAX in Frankfurt experienced a 0.6% increase on Wednesday, reaching approximately 25,045 and marking new record highs while outperforming other European markets. Investors considered the subdued inflation data from the Eurozone, which lowered the likelihood of an ECB rate hike by the end of the year. Concurrently, they evaluated geopolitical factors such as US President Donald Trump's controversial proposal to acquire Greenland. Leading the market gains were Heidelberg Materials, E.ON, and MTU Aero Engines, with respective rises of 2.7%, 2%, and 2%.