Erste Group Bank shares and Germany's DAX hit record highs

Erste Group Bank AG shares surged to a new all‑time high of €119.80, marking a rise of over 26% in the past two months. Technical indicators show the price 20% above its 200‑day average of €99.15 and an RSI of 70.4, suggesting over‑bought momentum. The bank’s market capitalisation is around $51.9 billion, underscoring its significance in Central and Eastern Europe.

Meanwhile, Germany’s DAX index broke its previous peak, closing at 25,655 points after an upward breakout from a three‑week sideways range. The rally was fueled by cooler U.S. June employment data, which eased expectations of further Federal Reserve rate hikes and supported global equities. Analysts note the DAX is now trading in an over‑bought condition and may face short‑term consolidation, but the next technical resistance levels lie near 25,829 and 26,000 points.