The DAX index broke its all-time high on Friday

On the Frankfurt stock exchange, the DAX index first broke its all-time record on Thursday and then again on Friday. The previous record for the index was in January.

The DAX index was quoted at 25,751 points after the stock market opened on Friday. On Friday, the index

On Friday afternoon, the DAX rose 0.6 percent in Frankfurt.

The DAX index has a significant weighting in industrials, financials and export companies, all of which benefit from the stabilization of global growth.

CMC Marketsin analyst Andreas Lipkown according to the market is currently a mixture of artificial intelligence euphoria and economic optimism. According to Lipkow, these two factors drive the rise of the DAX index.

On Thursday, the Chancellor of Germany Friedrich Merz published a reform package for the German economy, the aim of which is to accelerate economic growth. The package includes, among other things, tax reductions of ten billion euros for low-income households, pension reforms and measures aimed at increasing more affordable housing in Germany.

The news agency Reuters estimates that the euro zone inflation figures published on Wednesday, which rose less than expected, could be a factor in the current rise of the DAX index.

President of the European Central Bank Christine Lagarde among other things, he estimates that the risks to inflation and economic growth are now better balanced than they were just a few weeks ago. Expectations for interest rate hikes by both the Fed and the ECB have decreased.