FX.co ★ DAX Underperforms Peers

The DAX 40 eased to around 24,800 on Wednesday, snapping a four-session winning streak as heavyweight automakers retreated following a profit warning from BMW. Sentiment was further weighed by caution ahead of the Federal Reserve’s policy decision and the formal signing of an interim US–Iran peace agreement. The US central bank is widely expected to keep interest rates unchanged, but markets will closely parse comments from new Fed Chair Kevin Warsh for signals on the future policy path.