FX.co ★ DAX Extends Gains, Hits 2-Month Peak

Frankfurt's DAX experienced gains for a second consecutive session on Friday, climbing 0.6% to approach 24,450—the highest level observed since October 9. Investors overlooked concerns related to AI and instead concentrated on optimistic indications from the US Federal Reserve after it enacted a rate cut, suggesting the possibility of another reduction in 2026. Retail stocks led the advance, with Adidas and Puma posting increases of 2.4% and 4.5%, respectively, after US counterpart Lululemon Athletica revised its annual profit forecast upwards.