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3d ago

DAX Tries to Steady as Fed Rate Cut Looms

Investors largely expect a quarter‑point move by the US central bank, with attention on signals for cuts beyond September.

Händlerin an der Börse Frankfurt
Händler an der Frankfurter Börse

Overview

  • The DAX fell 1.8% to 23,329 on Tuesday, its lowest since late June, and indications point to a modest rebound near 23,386 ahead of the decision.
  • CME FedWatch shows roughly 96% odds on a 25‑basis‑point cut and about 4% on a half‑point move, with traders weighing the path of easing into 2026.
  • After setting fresh records earlier this week, Wall Street turned cautious Tuesday (Dow −0.3%, S&P 500 and Nasdaq little changed), while Japan’s Nikkei hit new highs and China traded mixed.
  • Gold hovered just below a fresh record, trading around $3,683 per ounce after touching about $3,703, as a softer dollar underpinned demand; Brent crude eased to roughly $68.33 despite earlier supply concerns tied to Russia.
  • Corporate drivers remain in focus: Rheinmetall agreed to buy Lürssen’s NVL naval unit, Alphabet briefly topped $3 trillion in market value, Elon Musk disclosed nearly $1 billion in Tesla share purchases, and Penske Media sued Google over AI search summaries.