19.12.202517:26:49UTC+00DAX Finishes at 1-Week High

Frankfurt's DAX concluded the session on Friday with a modest increase of 0.4%, closing at 24,288, marking its highest point in the past week and reflecting gains for the second consecutive session. This upward trend follows recent policy decisions by central banks. The European Central Bank maintained its interest rates but offered a slightly improved economic forecast. Meanwhile, the Federal Reserve implemented a widely anticipated 25 basis point rate reduction. Additionally, European Union officials confirmed the approval of a €90 billion aid package for Ukraine, deciding against the use of frozen Russian assets to finance this assistance through loans. In terms of stock performance, RWE topped the list with a 1.7% rise, alongside gains by Commerzbank (+1.6%), Bayer (+1.6%), and MTU Aero Engines (+1.6%). Conversely, retail stocks suffered setbacks, notably with Zalando falling by 2.8% and Adidas declining by 1.2%, each affected by underwhelming results reported by U.S. counterpart, Nike.