The German 30 (DAX) recently experienced a significant uptick, climbing 1.50% to close at 18,205.94, showcasing the market’s optimistic stance. The week was highlighted by remarkable gains in the technology sector, with Siemens Energy AG soaring by 6.54% and SAP by 4.05%, contributing to the bullish momentum. Furthermore, Infineon Technologies added a 2.87% increase to the mix.

The banking sector, including Deutsche Bank and Commerzbank, enjoyed gains of 2.57% and 1.18%, respectively, reflecting a positive economic outlook.

Conversely, the auto sector presented a mixed picture; BMW and Mercedes Benz recorded losses of 1.47% and 0.62%, while Volkswagen bucked the trend with a 0.20% increase.

Economic Indicators & ECB Focus

Investor attention shifts to Friday’s German business sentiment for March, with the Ifo Business Climate Index expected to rise from 85.5 to 86.0. A stronger-than-anticipated figure could further fuel interest in DAX-listed companies.

The European Central Bank’s (ECB) stance, particularly from President Christine Lagarde and Chief Economist Philip Lane’s forthcoming comments, could also play a crucial role in shaping market sentiment, especially regarding potential rate adjustments.

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