Dax Gains Amid Optimism Over US Fiscal Policy

The Dax experienced an upswing, fueled by optimism over potential US budget deficit reductions under Treasury Secretary pick Scott Bessent. The German index benefited from falling bond yields and positive sentiment surrounding fiscal policies aimed at cutting the deficit. Siemens Energy and automotive stocks saw gains, while Commerzbank shares declined due to Unicredit's interest in Banco BPM. Small-cap stocks such as Aixtron, SMA Solar, and Evotec also performed well. Meanwhile, the euro showed some recovery against the US dollar, trading at 1.0487 dollars.

Geopolitical tensions, particularly concerning Ukraine, continue to pose risks to European markets. Despite these tensions, the EuroStoxx 50 closed higher, and Asia's Nikkei 225 index marked a weekly high. In other sectors, Volkswagen plans to proceed with plant closures, and Varta's stakeholders discuss a restructuring plan. The stock market's positive response to Bessent's fiscal approach suggests a hopeful outlook for future economic growth.