FX.co ★ DAX Ends at Over 1-Month High

On Thursday, the DAX index in Frankfurt saw a positive upturn, closing roughly 0.8% higher at 24,377.5 – a milestone not observed since July 10. This marks the second consecutive day of growth. The market was invigorated by positive developments in trade discussions and cautious optimism ahead of the impending summit between Trump and Putin, where dialogue on potential resolutions for Ukraine is anticipated. The European Commission announced that it had received a "new text" from the United States outlining suggestions for a joint tariff declaration, which must align with the foundational political agreement. Among the standout performers were Rheinmetall, rising by 2.8%, along with Airbus at 2.3%, Allianz at 2.1%, Vonovia at 2.1%, and MTU Aero Engines also at 2.1%. The banking sector also saw gains, with Commerzbank increasing by 1.8% and Deutsche Bank by 1.6%. Conversely, Thyssenkrupp plunged by 8.6% following a reduction in its full-year forecasts for investments and sales. RWE also declined by 2.5% after revealing first-half results that fell short of market expectations.