FX.co ★ DAX Rises for 5th Day

The DAX 40 closed slightly higher at 24,932 on Wednesday after a volatile session, its strongest level in nearly two weeks and its fifth consecutive daily gain. Sentiment remained underpinned by optimism over a potential interim peace agreement between the US and Iran, even as President Donald Trump renewed his threats toward Tehran. At the same time, investors grew more cautious ahead of the Federal Reserve’s policy decision. While the US central bank is widely expected to keep interest rates unchanged, remarks from the new Fed Chair, Kevin Warsh, will be closely watched for signals on the future policy path. Bank stocks led the advance, with Commerzbank climbing 4.9% and Deutsche Bank adding 2.3%.