Frankfurt's DAX closed about 0.6% firmer at 24,278 on Thursday, the highest since November 12, in line wth other European peers. Positive sentiment from the Fed’s rate cut outweighed pressure from AI-related stocks following Oracle’s downbeat results. Daimler Truck (+4.2%) gained attention after BofA maintained its ‘Buy’ rating and €43 price target, while investors also took note of new details of the company’s €1 billion cost-cutting plan through 2030. Other notable performers included Brenntag (+4.4%), BASF (+3.2%), Heidelberg Materials (+2.9%), Siemens (+2.9%) and Deutsche Post (+2.7%). Munich Re shares rose 2.2%, following the company’s confirmation of its 2025 profit target and its plans to further increase profits by the end of the decade through additional cost savings. At the bottom, E.ON (-3.3%) was penalized by the new regulations from the Federal Network Agency, while techs SAP (-0.7%) and Infineon Technologies (-0.4%) also fell.