03.07.202608:04:41UTC+00DAX Sets Fresh Record

The DAX 40 climbed 0.6% on Friday, breaking above the 25,700 level to notch another record high and extend its winning streak to a fourth consecutive session. Sentiment stayed buoyant, underpinned by diminishing expectations of further monetary tightening, optimism over the domestic reform package, encouraging corporate updates, and hopes for a potential resolution of the conflict in the Middle East. Utilities, technology, autos, banks, and industrials led sector gains. Among the strongest performers were E.ON (+2.6%) and RWE (+1.6%). Siemens advanced 1.8% after Kepler Cheuvreux upgraded the stock to “Hold” from “Reduce,” while GEA rose 1.6% following an upgrade by RBC to “Outperform” from “Sector Perform.” On the downside, Rheinmetall slipped 1.5% as the defense group evaluated the fallout from the German government’s decision to cancel the F126 frigate project. The company cautioned that the resulting revenue impact could reach up to €300 million this year unless offsetting measures are put in place.