The DAX in Frankfurt rose about 0.5% to surpass the 24,400 mark on Friday afternoon, after Fed Chair Jerome Powell opened the door for an interest-rate cut next month. Speaking at Jackson Hole, he highlighted growing risks to the labor market, despite lingering inflation concerns. Meanwhile, traders. continued to assess the full scope of the EU-US trade pact. On the domestic macro front, the German economy shrank by 0.3% quarter-on-quarter between April and June, a steeper drop than the earlier estimate of -0.1% and following a 0.3% rise in Q1. On the corporate front. defense names Hensoldt and Renk were at the top of the index, rising 3.6% and 1.4%, after Citigroup upgraded them to "neutral" from "sell". On the downside, Commerzbank (-3.1%) and Deutsche Post (-2.2%) posted the biggest declines. For the week, the index was on track to book a 0.2% gain.