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DAX Hits New Record for Fourth Straight Session

Investor optimism is driven by hopes for an EU-US trade pact with expectations of Fed rate cuts suggested by June minutes.

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Overview

  • The DAX opened at 24,619 points on July 10, extending a mid-year rally and marking its fourth consecutive record high.
  • Global funds are being reallocated from US markets into European equities as investors seek to sidestep risks from potential US tariffs.
  • Signs of progress in EU-US trade negotiations have strengthened market sentiment after the EU Commission reported forward movement toward an agreement.
  • Minutes from the Federal Reserve’s June meeting revealed that most officials view rate cuts as appropriate later this year to counter temporary import-tariff shocks.
  • President Trump’s new threats of 50% duties on copper and 200% on pharmaceuticals have failed to derail the DAX’s upward momentum.