Germany's DAX Climbs to Record High After Cabinet Approves Tax Breaks -- Market Talk

Dow Jones

06-04

1003 GMT - Germany's DAX rises to a new high in morning trade after the German cabinet approved Chancellor Friedrich Merz's tax plan to stimulate Europe's biggest economy. The German blue-chip index is up 1% at 24337.20 after rising as high as 24346.15, a new record. The German cabinet approved Wednesday a proposal to introduce corporate tax breaks and support the country's economy. Infineon Technologies, Airbus and DHL owner Deutsche Post top the DAX's gainers. The DAX last closed at a record level on May 27, when it ended the session at 24226.49. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 04, 2025 06:03 ET (10:03 GMT)

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