FX.co ★ DAX Finishes at Over 2-Week High

Frankfurt’s DAX 40 extended its gains on Friday, closing about 1.2% higher at 24,889, the strongest level in more than two weeks. The advance was supported primarily by strength in technology shares and some optimism over a potential breakthrough in US–Iran negotiations. On the macroeconomic front, German consumer confidence ticked up heading into June, beating expectations for a further decline, while business sentiment also showed a modest improvement, though it remained close to multi-year lows. Infineon Technologies was the index’s top performer, jumping more than 7%. Deutsche Post (+3.9%) also attracted solid buying interest after Deutsche Bank upgraded the stock to “buy” from “hold.”