The Dax opened higher on Friday, briefly touching 25,809 points to set a new record high for the German benchmark index.

The move came shortly after the start of trading, extending the gains seen in previous sessions.

The Dax had already shown stability earlier in the week, opening Wednesday at 25,038 points and holding firm above the psychological 25,000-level.

The rally was driven by a shift in market sentiment following Thursday’s US labor market report.

The softer-than-expected American jobs data alleviated investor concerns regarding the resilience of the US economy and strengthened expectations that the Federal Reserve may cut interest rates sooner than previously anticipated.

This macroeconomic backdrop provided the tailwind for European equities to push past previous resistance levels.

The Dax had already shown stability earlier in the week, opening Wednesday at 25,038 points and holding firm above the psychological 25,000-level.