DAX Snaps 5-Day Decline
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Frankfurt's DAX rose more than 1% to trade above 24,250 on Thursday, halting a five-day losing streak, driven by optimism over a potential US-EU trade deal and upbeat corporate earnings.
A deal between US and EU firms to buy US natural gas fueled speculation for a broader US-EU trade agreement.
The EU’s chief trade negotiator, Maroš Šefcovic, headed to Washington on Wednesday for high-level talks aimed at rescuing a deal ahead of Trump’s deadline.
Meanwhile, positive earnings from TSMC fueled a rebound in chip stocks, which had slumped the day before.
Siemens, Siemens Energy, Infineon Technologies and SAP were among the top gainers, adding between 1.4% and 3.6%.
Also, automakers and pharma stocks advanced firmly.
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