Frankfurt's DAX rose more than 1% to surpass 24,340 on Wednesday, setting a new record high, after the country's cabinet approved a first tax relief package worth €46 billion, from 2025 to 2029, designed to support companies and revive the sluggish economy. Market sentiment was also buoyed by optimism over US-EU trade negotiations and anticipated ECB rate cuts. US Trade Representative Jamieson Greer and European Commissioner for Trade Maros Sefcovic are due to meet today following Trump’s tariff hike on steel and aluminum. Among top movers, Infineon Technologies and Siemens posted gains of 4.1% and 2%, respectively. Shares of Airbus jumped more than 3.5% amid reports that Chinese airlines are weighing a purchase of up to 300 aircraft, with a deal possibly sealed during a visit by European leaders to Beijing next month. Steel company ThyssenKrupp extended early gains, surging about 3.5%.