Key Points:DAX climbed 0.37% on August 5, driven by optimism over Fed rate cuts and better-than-expected earnings forecasts.Auto stocks rose as new car registrations improved; Volkswagen led gains with a 1.83% advance.CME FedWatch Tool shows 87.5% probability of a Fed cut in September, up sharply from 63.3% a week earlier.DAX Extends Gains as Fed Rate Cut Bets and Earnings Expectations Boost SentimentDespite growing US recession fears, the DAX extended its rally on Fed cut optimism and earnings