FX.co ★ DAX Lead Gains in Europe

The DAX index in Frankfurt experienced a 0.5% increase, surpassing the 23,400 level on Wednesday, and outperformed its regional counterparts. Investors were predominantly focused on the upcoming decision from the Federal Reserve regarding interest rates later in the day. The U.S. central bank is broadly anticipated to implement a 25-basis-point reduction, marking the first decrease in 2025. Market participants will be paying close attention to Jerome Powell's commentary for any indication of further rate reductions. In terms of corporate performance, SAP was at the forefront, with shares climbing nearly 4%. Following SAP were Rheinmetall, Porsche AG, and Merck, with gains of 2.6%, 1.4%, and 1.1%, respectively.