FX.co ★ DAX Rises to 3-Month High

On Wednesday, Frankfurt's DAX index saw a modest increase of 0.3%, reaching 24,460—its highest point since July 9. This uptick was primarily driven by gains in steel stocks, following the European Union's unveiling of new trade measures on Tuesday. The European Commission announced plans to reduce by half the volume of steel imports permissible within the bloc, imposing new 50% tariffs on any excess. In response, shares of the German industrial giant Thyssenkrupp rose more than 5%. Despite this, investor sentiment was dampened by concerns stemming from France's political turmoil, the ongoing US government shutdown, and disappointing German economic figures. Notably, Germany's industrial production plummeted by 4.3% month-over-month in August 2025, significantly surpassing predictions of a 1% decrease, marking the sharpest decline since March 2022. In a related development, BMW's shares fell over 5% following a profit warning for the 2025 fiscal year, citing lackluster growth in China along with delays in expected EU-US tariff reimbursements.