FX.co ★ DAX at Near 1-Month High

On Tuesday, Frankfurt's DAX index climbed 0.6% to nearly 24,180, marking its highest close in almost a month and extending its winning streak to a fourth consecutive session. However, investor caution remained as attention shifted to the Federal Reserve's two-day meeting, with the outcome of Wednesday’s policy decision eagerly anticipated. Industrial stocks were among the standout performers, particularly in the defense sector. Notable advances included Hensoldt rising by 3.6%, Rheinmetall increasing by 3.3%, and Renk gaining 2.9%, buoyed by news that German lawmakers are expected to approve procurement contracts totaling a record €52 billion next week. Financial stocks also saw gains, with strong performances from Allianz, which was up 1.5%, Commerzbank and Deutsche Bank each climbing 1.1%, and both Hannover Rück and Deutsche Borse posting a 0.7% increase.