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2025.12.1117:00:17UTC+00DAX Finishes at 1-Month Highs

The DAX index in Frankfurt ended approximately 0.6% higher at 24,278 on Thursday, marking its strongest performance since November 12, and mirroring gains seen in other European markets. The positive market mood, spurred by the Federal Reserve's rate cut, overshadowed pressures from AI-related stocks after Oracle reported less-than-stellar results. Among the standout stocks, Daimler Truck saw a 4.2% increase after Bank of America reiterated its 'Buy' rating and maintained a €43 price target. Investors were also attentive to the company's newly announced €1 billion cost-cutting initiative set to be achieved by 2030. Other strong performers included Brenntag, which rose by 4.4%, BASF with a 3.2% gain, Heidelberg Materials and Siemens both up by 2.9%, and Deutsche Post improving by 2.7%. Munich Re’s shares increased by 2.2% following the affirmation of its profit target for 2025 and plans to boost profits further through additional cost savings by decade’s end. Conversely, E.ON experienced a 3.3% decline, driven by new regulatory measures from the Federal Network Agency, while tech firms SAP and Infineon Technologies saw slight decreases of 0.7% and 0.4%, respectively.

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