12.09.202507:53:26UTC+00DAX Cautiously Higher

On Friday, the DAX index in Frankfurt showed a modest increase, surpassing the 23,700 mark, as investors displayed cautious optimism regarding a prospective interest rate reduction by the US Federal Reserve. Meanwhile, the European Central Bank hinted at concluding its rate-cutting phase. President Christine Lagarde remarked that the ECB is presently in a "good position," with growth risks now appearing more balanced. In other developments, global focus remains on US tariff policies, with President Trump urging the G7 nations to impose tariffs on countries importing Russian oil, specifically targeting India and China. On a corporate level, reinsurance firms like Hannover Rück and Munich Re were among the top performers, gaining 2.6% and 1.5%, respectively. Conversely, the automotive and pharmaceutical sectors faced downward pressure. For the week, the DAX index was poised to achieve an approximate 0.7% increase.