FX.co ★ DAX Steady Below Record High as Investors Eye Political Uncertainty

Frankfurt's DAX 40 index largely maintained its position near the 24,400 level on Tuesday, just shy of its record high of 24,639 observed in July. Investors are attentively watching for significant political events on both sides of the Atlantic. In France, political strife continued following the unexpected resignation of Prime Minister Sebastien Lecornu. In response, President Emmanuel Macron has asked Lecornu to remain engaged in negotiations to resolve the current deadlock by Wednesday evening. Simultaneously, the focus in the United States remains on the ongoing government shutdown, with President Trump indicating a readiness to negotiate on the healthcare subsidy funding requested by Democrats. From an economic perspective, factory orders in Germany experienced a 0.8% decline in August, contrary to the anticipated 1.4% increase, highlighting persistent challenges within Europe's leading industrial economy as it marks the fourth consecutive month of decline.