FX.co ★ DAX Up for 2nd Day

Frankfurt's DAX index experienced a slight increase of 0.3%, reaching approximately 23,785 on Wednesday. This marked the second consecutive day of gains, aligning with global market recoveries following a weak start earlier this month. Investors are keenly awaiting further economic data releases from both Europe and the United States, while also evaluating latest corporate updates and earnings reports. Leading the DAX were the pharmaceutical, technology, and industrial sectors. Merck posted a substantial gain of 3.4%, followed by Infineon Technologies at 2.5%, while both Rheinmetall and Airbus saw a rise of 2.3%. Conversely, outside the main index, Hugo Boss witnessed a steep decline, with shares dropping 10% to their lowest point since April. The setback came after the fashion retailer announced that its sales would decrease next year as it undergoes a strategic review.