Key Points:DAX climbed 1.12% on August 7 as hopes of a Trump-Putin peace deal boosted market sentiment and risk appetite.German imports from the US surged 19.8% in June, easing concerns over trade tensions amid new US tariffs.Fed rate cut bets remained high as weak US jobless claims and labor cost data lifted demand for risk assets.DAX Extends Rally on Earnings, War Hopes – Will It Break 24,500?Markets cheered signs of peace, extending the DAX’s winning streak. The DAX rallied 1.12% on Thursday,