FX.co ★ DAX Down for 2nd Day

The Frankfurt DAX witnessed a slight decrease on Thursday, dipping 0.2% to fall below the 24,100 mark. This marks the second consecutive day of losses, primarily driven by a downturn in technology stocks following Oracle's underwhelming results, which rekindled anxieties about a potential AI bubble. SAP saw a decline of over 2%, while Infineon Technologies slipped 0.5%. Other notable declines were observed in companies including E.ON, Deutsche Börse, Airbus, Qiagen NV, RWE, Siemens Energy, and MTU Aero Engines, with losses ranging from 0.8% to 1.5%. Concurrently, the Federal Reserve's monetary policy announcement proceeded as anticipated, implementing a 25 basis point rate cut. However, the Fed's accompanying statements were more dovish than anticipated, as it signaled caution regarding further immediate cuts.