The start of the new trading week for the DAX was sluggish. A marginal gain of 0.08 percent brought the leading index to 24,307.80 points. This investor restraint is understandable: uncertainty in the tariff dispute persists, and markets are awaiting crucial signals. Furthermore, this week features important quarterly reports from several DAX companies, which are expected to shed light on the economic health of Germany's top corporations. It's not out of the question that disappointments or cautious outlooks might be presented, especially since the third quarter is traditionally often considered the most challenging of the fiscal year.
Fed Decision: Will the US Central Bank Turbocharge the DAX?
All eyes are on the Federal Reserve, which is convening its Open Market Committee to make and explain the US interest rate decision. Although the market does not expect an immediate rate cut, Fed Chair Jerome Powell's explanation of future interest rate policy—based on inflation data and the US labor market—is highly anticipated. Any impulse for the equity markets, and thus for the DAX, will most likely be triggered at the subsequent press conference. This could end the current sideways movement and give the market a new direction.
DAX on Standby: These Stocks Surprise – What's Next?
Recently, Rheinmetall, MTU Aero Engines, and Siemens Energy stood out among individual stocks with strong performances. Rheinmetall and MTU each rose by an impressive 3.5 percent, while Siemens Energy recorded a gain of 3.0 percent. At the bottom of the ranking was DHL shares, which saw a decline of 2.7 percent.
The DAX continues to trade within its sideways trading range between 23,900 points and approximately 24,500 points. Currently, it looks like the upper boundary of this range will be tested again.
Will the Fed's decision give the DAX the necessary boost to break out of its sideways movement, or will the market remain in limbo?
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