FX.co ★ DAX Extends Losses

On Tuesday afternoon, the DAX in Frankfurt deepened its early losses, declining over 1% to dip below the 23,500 mark, primarily driven by the downturn in banking and insurance sectors. Traders anticipate the outcome of the Federal Reserve's two-day meeting, with expectations leaning towards an interest rate cut announcement tomorrow. Simultaneously, significant market focus remains on the US-China trade discussions underway in Spain, prominently featuring the TikTok divestiture negotiations. In terms of economic data, the ZEW Indicator of Economic Sentiment for Germany rose to 37.3 in September 2025, up from 34.7 in August, surpassing market predictions of a decline to 26.3.