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last mo.

DAX Poised for Modest Gain on Fed Rate Cut Hopes

Growing market expectations for a September Fed rate cut are lifting the DAX at the open

Blick in den Handelssaal der Frankfurter Börse.
Image
Börsenhändler an der Frankfurter Börse.

Overview

  • The DAX is forecast to open about 0.3% higher, challenging the 24,000-point level after stabilizing near 23,846 yesterday.
  • Traders see almost certain odds of a September interest-rate cut by the Federal Reserve, underpinning equity buying.
  • A July US services PMI reading of just 50.1 rattled Wall Street, sending the S&P 500 down 0.5% and the Nasdaq off 0.7% yesterday.
  • President Trump announced new tariffs on semiconductors and suggested a US-China trade deal could be finalized before year-end.
  • Positive corporate results are supporting the recovery, led by Siemens Energy’s record €136 billion order backlog and Commerzbank’s raised 2025 profit forecast.