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DAX hits new record after Fed signals rate cuts ahead

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German stocks reached a record high on Thursday, buoyed by the US Federal Reserve decision to leave its key lending rate at a 22-year-high.

The DAX index soared past 17,000 points, with the European Central Bank expected to opt for another pause Thursday amid falling inflation in the eurozone.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.