DAX Rises on Positive Economic Data

The DAX index experienced a significant boost, rising by 1.3% or 262 points, following the release of economic data from Germany and the Eurozone. The latest figures showed that manufacturing activity in both regions either met or slightly deviated from market expectations, which seemed to have inspired investors.

Leading companies such as Adidas AG, Siemens AG, and Bayerische Motoren Werke AG (BMW) saw their shares increase by more than 2%. The DAX reached a peak of 1.34% at 3:40 pm CET, while other major European indices also saw gains, with the CAC 40 up 0.17% and the Eurostoxx 50 rising by 0.68%. In contrast, the FTSE 100 remained flat.

However, the euro and pound sterling both experienced declines against the United States dollar, with the euro falling 1.09% to $1.04675 and the pound dropping 0.91% to $1.26302.