FX.co ★ DAX 40 Dips as Investors Await Fed Decision

On Wednesday, Frankfurt's DAX 40 saw a slight downturn, slipping 0.1% to 24,870 points, as investor caution grew ahead of the US Federal Reserve's forthcoming policy announcement, with many anticipating guidance on the timeline for potential rate cuts. Among the notable decliners was Bayer, which dipped over 3% following its recent surge. Nevertheless, Bayer remains the top performer on the DAX this year, boasting nearly a 23% increase in value, as market participants remain hopeful for a resolution to ongoing US glyphosate litigation. Additionally, Deutsche Bank experienced a nearly 2% drop following reports by Der Spiegel of police searches at its Frankfurt and Berlin offices on suspicions of money laundering. In contrast, the technology sector posted gains, with Infineon climbing almost 3% and SAP advancing by 1%, buoyed by a robust quarterly report and a positive outlook from semiconductor equipment supplier ASML.