27.10.202516:56:44UTC+00DAX End at Near 1-Week High

Germany's DAX index edged up by approximately 0.3%, concluding Monday's trading session at 24,309, marking its highest level in nearly a week. Investors were encouraged by emerging signs of a potential trade agreement between Washington and Beijing, although a cautious sentiment lingers ahead of the anticipated meeting between President Trump and President Xi scheduled for next Thursday. Reports indicate that the Chinese government intends to delay the implementation of export restrictions on rare minerals, recommence purchasing US soybeans, and cooperate in addressing the fentanyl crisis. These actions are proposed in exchange for the US government retracting the planned imposition of 100% additional tariffs on Chinese imports. This week, significant attention will also be directed towards announcements from major central banks, including the Federal Reserve on Wednesday and the European Central Bank on Thursday. In the meantime, the quarterly earnings season continues on both sides of the Atlantic. In terms of stock performance, tech industry leaders such as Infineon Technologies, Siemens, and SAP saw notable increases of 2.4%, 1.3%, and 0.9% respectively. Additionally, outside the primary index, Porsche AG experienced a 3% rise after reporting an adjusted operating loss that was less severe than anticipated and reaffirming its full-year forecast.