Germany: DAX at Over 1-Week High.

Frankfurt’s DAX 40 rose about 0.7% to above 25,700 on Thursday, reaching its highest level in more than a week as oil prices continued to decline and global bond yields eased following the widely anticipated 25-basis-point rate hike by the US Federal Reserve. Fed Chair Kevin Warsh displayed a clear firmness in the face of inflation without triggering a further surge in long-term yields, a move welcomed by investors. Meanwhile, President Trump has threatened the European Union with “very serious tariffs” or restrictions on trade in response to European Commission President Ursula von der Leyen’s proposal to open the way for Canada to become the bloc’s first “associate member”.