FX.co ★ DAX Cautiously Higher

On Tuesday, Germany's DAX index experienced a modest increase, reaching approximately 23,265, building on the previous day's gains. This movement was influenced by anticipation of a potential interest rate cut by the Federal Reserve in December. Investors also remained focused on the ongoing negotiations for a peace plan concerning Ukraine. Domestically, recent data confirmed that the German economy saw no growth in the third quarter compared to the preceding quarter, matching earlier estimates. In the stock market, technology companies and financial institutions led the upward trend. Notably, Infineon Technologies saw a 2.5% rise, while Commerzbank gained 1.2%. The aerospace and defense industries also bounced back, with Rheinmetall increasing by 2.2%, alongside advances from Airbus and MTU Aero Engines.