Germany’s DAX surged 1.23% to a record 25,910 points, while the British pound fell below $1.35 despite a weaker USD.
European markets rose on stronger German PMI data, with Germany’s DAX climbing 1.23% to a record 25,910 points. The UKX edged up just 0.05%, held back by declines in energy stocks and AstraZeneca (AZN).
The British pound slipped below $1.35, extending losses even as the U.S. dollar weakened broadly. Analysts noted the divergence between Germany’s robust economic indicators and mixed performance in the UK.
Energy sector drag offset gains elsewhere, reflecting broader volatility in commodity-linked equities.