10.12.202517:04:09UTC+00DAX Closes Marginally Lower

Frankfurt's DAX index concluded slightly lower at 24,130 on Wednesday, after experiencing gains for four consecutive trading sessions. This decline resulted from profit-taking as investors exercised caution in anticipation of the Federal Reserve's policy announcement and subsequent remarks by Chairman Powell. The decision facing the US central bank is challenging, with considerations on whether to proceed with a third rate cut for 2025 or pause amid prevailing economic uncertainties. Despite this, market participants largely anticipate a 25 basis points reduction. The technology sector notably contributed to the losses, mirroring trends in the US, with Infineon Technologies down by 2.4% and Siemens declining by 0.9%. Among other significant decliners were Siemens Healthineers, which fell by 2.2%, Deutsche Borse dipping 2%, and Rheinmetall decreasing by 1.8%. Conversely, Siemens Energy stood out positively, gaining 4.4%, spurred by an encouraging revenue forecast from its US counterpart, GE Vernova.