FX.co ★ DAX Extends Slight Gains

On Tuesday, the DAX 40 index in Frankfurt slightly rose by 0.2% to approximately 24,985, aligning with other European markets and continuing the modest upward trend observed in recent sessions. Investors focused on corporate developments and earnings announcements while awaiting the Federal Reserve's policy decision expected on Wednesday. Additionally, the European Commission announced the successful conclusion of a long-anticipated free-trade agreement with India, significantly reducing tariffs on European Union exports ranging from automobiles to wine. This deal promises substantial benefits for Europe's automotive industry and has been lauded as the "mother of all deals." In market activity, Puma made a notable movement, initially surging nearly 20% before settling around a 10% gain. This performance followed the news that China's Anta Sports has agreed to acquire a 29.06% stake in Puma for €1.505 billion, making it the largest shareholder in the German sportswear company.