FX.co ★ DAX Edges Higher Ahead of Fed Decision

The DAX 40 in Frankfurt experienced a modest increase of 0.3%, reaching 24,975 points on Wednesday. This came as investors positioned themselves ahead of the U.S. Federal Reserve’s policy announcement scheduled for later in the day, while also scanning for signals on when future interest rate reductions might be implemented. The technology sector spearheaded the upward movement, with Infineon surging over 5% to lead the index, and Siemens advancing by approximately 1%, bolstered by ASML's impressive earnings results. On another front, market participants considered remarks from ECB policymaker Martin Kocher, who cautioned that a further strengthening of the euro could compel the central bank to recommence interest rate cuts. Additionally, investors assessed the EU–India trade agreement's potential effects, identifying the automotive sector, along with companies involved in chemicals and electrical machinery, as prospective key beneficiaries.