DAX Closes Higher
Frankfurt’s DAX 40 closed about 0.6% up at 25,559 on Wednesday, halting a two-day losing run, tracking its European peers. Market sentiment improved amid lower oil prices at $105 and easing bond yields, despite geopolitical uncertainty. Meanwhile, investors eagerly awaited the Fed’s policy outcome later in the day, which could mark a turning point with a 25 bps rate hike for the first time in three years. Utilities, industrials and tech companies led sectoral gains, while autos lagged. Siemens Energy surged over 3%, making it the top performer, followed by RWE (2.6%), Hochtief (2.6%) and Symrise (2.3%).
6% up at 25,559 on Wednesday, halting a two-day losing run, tracking its European peers. Market sentiment improved amid lower oil prices at $105 and easing bond yields, despite geopolitical uncertainty. Meanwhile, investors eagerly awaited the Fed’s policy outcome later in the day, which could mark a turning point with a 25 bps rate hike for the first time in three years. Utilities, industrials and tech companies led sectoral gains, while autos lagged.
3%).