FX.co ★ DAX Set for 2nd Weekly Advance

The DAX index in Frankfurt increased by 0.4% on Friday, reaching approximately 23,980, marking its highest level in over three weeks and poised for its second straight weekly rise. Investors are concentrating on economic data from both the U.S. and Europe, along with corporate announcements and geopolitical developments. Market sentiment is largely bolstered by anticipated interest rate cuts from the Federal Reserve next week, with the forthcoming September U.S. PCE inflation figures possibly playing a crucial role in influencing the Fed's policy decisions. MTU Aero Engines led performance gains with a 2.8% increase, followed by BASF and Adidas each up 2.2%, Siemens Energy advancing 2.1%, and Commerzbank rising 1.6%. For the week, the DAX index is expected to increase by 0.6%.