FX.co ★ DAX at 3-Week High

On the final trading day of July, Frankfurt's DAX index experienced a 0.6% increase, surpassing the 24,400 threshold to achieve its highest point since July 10. This marked the index's third consecutive day of gains as investors concentrated on corporate earnings and closely watched ongoing trade discussions. Notable movements included Lufthansa, which saw a 1.5% uptick following a better-than-expected Q2 performance and a confirmed positive outlook. Conversely, BMW experienced a 0.5% decline due to lower-than-anticipated quarterly profits. Positive earnings reports from Microsoft and Meta contributed to an optimistic market sentiment, enhancing the shares of SAP and Siemens Energy, both up by 1.8%. Meanwhile, traders were processing the recent Federal Reserve decision to maintain interest rates at their current levels. Federal Reserve Chair Jerome Powell adopted a cautious approach, highlighting a robust labor market and sustained high inflation despite a slowdown in growth. This led markets to moderate their expectations for a potential rate reduction in September. In trade news, President Trump announced a 25% tariff on Indian imports while excluding the most traded forms of copper from a proposed 50% tariff increase.