DAX 40 crosses 26,500 as index scales record high
The DAX 40 rose 0.6% to cross 26,500 on Friday, reaching a record high. Gains were led by autos, chemicals, utilities and tech as markets looked to Fed Chair Kevin Warsh’s Jackson Hole speech later today.
The DAX 40 rose 0.6% to cross 26,500 on Friday, hitting a record high, amid recent positive economic data, falling oil prices and tech optimism.
Meanwhile, markets are focused on Fed Chair Kevin Warsh’s speech at the annual central banking symposium in Jackson Hole later today, with investors seeking further clues on the future direction of monetary policy.
Autos, chemical companies, utilities and tech stocks led sectoral gains.