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FX.co ★ DAX Little Changed As Euro Steadies After Selloff

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typeContent_19130:::2024-06-11T09:53:00

DAX Little Changed As Euro Steadies After Selloff

German stocks remained relatively stable on Tuesday, as investors turned their attention to upcoming U.S. consumer price data and the Federal Reserve's interest-rate decision scheduled for Wednesday.

While it is widely anticipated that the Fed will maintain current interest rates, market participants will closely scrutinize updates from Fed officials concerning economic and rate projections.

The DAX index experienced a marginal gain, inching up by 6 points to reach 18,501, after a 0.3 percent decline in the previous session.

The euro showed minimal movement, stabilizing after reaching a one-month low the previous day. This followed French President Emmanuel Macron's announcement of a snap national election, prompted by the strong performance of far-right parties in the European Parliament elections.

Similarly, government bonds in the Eurozone stabilized following a sell-off in the prior session.

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