DAX Sets Fresh Record

The DAX 40 rose 0.6% on Friday, breaking above the 25,700 mark to set another record high and extend gains for a fourth straight session.Market sentiment remained positive, supported by fading expectations of further monetary tightening, optimism about the domestic reform package, upbeat corporate…

The DAX 40 rose 0.6% on Friday, breaking above the 25,700 mark to set another record high and extend gains for a fourth straight session.

Market sentiment remained positive, supported by fading expectations of further monetary tightening, optimism about the domestic reform package, upbeat corporate news, and hopes that the conflict in the Middle East could be resolved.

Utilities, techs, autos, banks and industrials were the top performing sectors.

Among the biggest gainers 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% after RBC upgraded the stock to "Outperform" from "Sector Perform."