FX.co ★ DAX Up for 2nd Day

The DAX index in Frankfurt edged upward on Wednesday, reaching approximately 23,650, marking levels not reached in over a week and securing a second consecutive day of moderate gains. Investors assessed the durability of the ceasefire between Iran and Israel alongside the approval of Germany's draft budget, which includes unprecedented investment levels. Concurrently, market attention is drawn to the NATO summit's focus on defense expenditure and anticipation builds for Federal Reserve Chair Jerome Powell's upcoming testimony before the U.S. Senate. On the stock front, companies such as Sartorius, Rheinmetall, Heidelberg Materials, Siemens Healthineers, and Siemens Energy were among the top performers, posting gains ranging from 0.7% to 2.3%.