FX.co ★ DAX Hits Fresh Record High

Frankfurt's DAX index climbed 0.5% towards 24,145, setting its sights on new record highs and building on gains from the previous day. This upward movement was fueled by optimism surrounding US-EU trade talks, particularly the news of a tariff delay. Nonetheless, investors remain cautious, mindful of the political uncertainty linked to President Trump's economic policies. Domestically, Germany's GfK consumer confidence improved, although the increase fell short of expectations. In the stock market, defense stocks showed strong performance following President Trump's announcement that he is contemplating additional sanctions against Moscow.