Frankfurt Trading Dreams Revive as DAX Hits Record High

Record DAX highs fuel renewed calls for a centralized European stock exchange in Frankfurt as politicians like Friedrich Merz and Boris Rhein push for a regional champion.The initiative follows decades of failed merger attempts between Deutsche Börse and partners like NYSE, many of which were blocked by the EU over competition concerns.Binu Daniel notes that this shift coincides with the long-term rise of shadow banking and non-bank financing that has reshaped the EU economy since 2008.