DAX is up 2% weekly

Expectations for the US Federal Reserve (Fed) interest rate cut in September, Labor's victory in the British election, and the possibility that the Marine Le Pen Party will lose the election in the next election were the tailwinds.

However, German industrial production fell 2.5% in May, which was lower than expected, making it the second drop this year.

The future focus will shift to US employment statistics.

Major stocks such as SAP, Siemens, and Airbus showed increases of 1% or more, and Deutsche Telekom and Allianz also rose.