FX.co ★ DAX Pushes Higher

In Tuesday's afternoon trading session, Germany's DAX index saw a 0.7% increase, breaking past the 23,400 threshold. This upward movement mirrored similar trends among other European indices, spurred by US retail sales and labor data that fell below expectations, reinforcing the anticipation of an interest rate cut by the Federal Reserve in December. Concurrently, investors remained vigilant about the ongoing negotiations for a Ukrainian peace plan. Domestically, final reports confirmed that the German economy remained unchanged in the third quarter when compared to the previous one. Heidelberg Materials emerged as the day's leading performer with a 4.7% rise, followed closely by Commerzbank, which climbed 3.3%, and Infineon Technologies, up by 3.2%. Other noteworthy gainers included Continental, Siemens, Merck, and Daimler Truck, all registering increases between 1.7% and 2.3%. Within the defense sector, Renk surged 5.7% while Rheinmetall posted a 1.7% uptick, sustaining robust performance.