Germany's DAX index has reached a new all-time high following expectations of a rate cut by the European Central Bank (ECB). The index, which had already gained over 20% in 2024, was noted to be just below its record from Monday before surpassing it. Key sectors driving this growth include defense stocks and automotive shares. Following the ECB's recent interest rate decision, the DAX continued to show positive momentum, reflecting investor optimism in the market.