FX.co ★ DAX Scales Record High

The DAX 40 rose 0.6% to surpass 26,500 on Friday, setting a new record high, supported by upbeat economic data, declining oil prices and sustained optimism in the technology sector. Investor focus now turns to Fed Chair Kevin Warsh’s speech at the annual central banking symposium in Jackson Hole later today, as markets look for further guidance on the monetary policy outlook. Most sectors traded in positive territory, led by automakers, with BMW (1.9%), Volkswagen (1.4%) and Mercedes-Benz Group (1.3%) among the top performers. Chemical companies, utilities, industrials and technology stocks also advanced strongly, with shares of RWE, Brenntag, BASF and MTU Aero Engines climbing as much as 1.9%.