FX.co ★ German Stocks Snap 3-Day Losing Run

The DAX index in Frankfurt gained approximately 0.6%, closing at 24,180 on Wednesday after experiencing declines in the previous three sessions. This uplift reflects a generally positive sentiment across European markets. Investors have become more optimistic due to the anticipation of an upcoming interest rate cut by the Federal Reserve, coupled with the belief that the effects of tariffs on economic growth may be less severe than initially feared. Domestically, data revealed that Germany's consumer price inflation held steady at 2% in July, in line with earlier estimates and in alignment with the European Central Bank's medium-term target. Meanwhile, attention is turning towards the forthcoming meeting on Friday between U.S. President Donald Trump and Russian President Vladimir Putin. In corporate news, pharmaceutical stocks were among the top performers, with significant gains recorded by Bayer (+3.2%), Fresenius SE (+3.2%), and Fresenius Medical Care (+2.9%).