DAX Hits New Highs, Eyes 18,440 Amid ECB Rate Cut Expectations

The DAX is gaining momentum, achieving new peaks with 18,000 serving as the current resistance level, and aiming for the 18,440 mark next. The positive trend in European stocks is primarily driven by the widespread expectation that the ECB will reduce interest rates in June, in anticipation of a further decline in inflation towards the 2% target.