FX.co ★ DAX Closes at 3-Week High

On Thursday, Frankfurt's DAX index concluded the trading session approximately 0.8% higher at 23,882, marking its highest point in three weeks. This performance reversed a minor decline from the previous day and surpassed the performance of other major indices. The automotive sector led the charge in gains, buoyed by Bank of America's optimistic outlook for the sector in 2026, which is based on the expected relaxation of regulatory constraints on European automakers. Notable performers included Porsche, Daimler Truck, Mercedes-Benz, BMW, and Volkswagen, registering increases of 5.8%, 5.8%, 4.6%, 4.1%, and 2.8%, respectively.