FX.co ★ DAX Extends Gains

In Frankfurt, the DAX index advanced on Wednesday afternoon, hovering around the 24,100 mark, thereby surpassing its regional counterparts. This rise followed a less aggressive US inflation report, which alleviated concerns surrounding trade tariffs proposed under the Trump administration. Despite this positivity, investor sentiment remained cautious as the market anticipated more details regarding a potential trade agreement between the US and China. The two nations have outlined a "general framework" aimed at building on negotiations that took place in Geneva in mid-May, potentially involving the relaxation of limitations on Chinese rare earth exports and US technology access. Concurrently, the European Union indicated that its trade discussions with Washington might extend beyond the July 9 deadline. On the corporate side, Bayer stood out, climbing approximately 4% after receiving upgrades from HSBC and Kepler Cheuvreux, who both elevated the stock rating to 'Buy' from 'Hold'. Other notable gainers included Rheinmetall, Siemens Energy, RWE, Heidelberg Materials, MTU Aero Engines, and Porsche AG, with gains ranging from 1% to 3%.