FX.co ★ DAX Edges Higher

Germany's DAX index experienced a 0.4% increase on Wednesday afternoon, climbing past the 23,270 mark. This rise marked an effort to rebound from a recent four-day losing streak, which had been driven by investor apprehension regarding high valuations within the tech sector. Market participants turned their focus to Nvidia's anticipated earnings report, broadly seen as a crucial indicator for the tech sector's rally amid growing concerns around a potential speculative bubble driven by artificial intelligence advancements. Additionally, traders awaited the release of minutes from the latest US Federal Reserve meeting, hoping for valuable insights on the possibility of an interest rate reduction come December. In parallel, Eurozone inflation data was confirmed at 2.1% for October, highlighting its alignment closely with the European Central Bank's 2% target.