DAX Extends Gains but Set for Weekly Drop
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Frankfurt's DAX advanced 0.4% to around 24,280 on Friday, extending gains from the previous session amid expectations of additional US rate cuts next year and reduced bets on ECB rate hikes in 2026.On the economic front, German consumer confidence was expected to decline significantly heading into January 2026, while producer prices fell more than anticipated in November.Leading the gains were Siemens Energy (+1.1%), HeidelbergCement (+1.3%), and Deutsche Post (+0.7%).Despite Friday’s advance, the index is down 0.4% for the week, on track for its first weekly loss in four.
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