The German DAX stock market index reached a new record high on Friday after an extended period of gains, surging past 16,290 points and breaking the levels last seen in early January 2022. The latest data hinted inflation across the Eurozone continues to decline, with producer inflation dropping significantly to 4.1% in April.
Frankfurt's DAX gained 0.76% or 123 points at 2:29 pm CET, decelerating slightly after reaching record levels. Carmaking companies led the rally, including Porsche, Daimler Truck, Mercedes-Benz, and BMW.
The euro added 0.42% against the dollar to sell for 1.08151 a minute later, hovering around levels from early April.
