FX.co ★ DAX 40 Edges Up on Monday

On Monday, Frankfurt's DAX 40 registered a 0.2% increase, reaching 24,950, as it partially rebounded from last week's approximate 1.5% decline. This movement comes as investors analyzed recent corporate developments in anticipation of the US Federal Reserve's interest rate announcement scheduled for Wednesday. Deutsche Bank saw an ascent of over 1%, continuing its overhaul of the retail banking sector by declaring plans to shutter approximately 100 additional branches by the end of 2026 under current programs. Conversely, SAP experienced a 0.9% dip ahead of its forthcoming fourth-quarter results set for release on Thursday. While the Federal Reserve is largely anticipated to maintain existing interest rates, attention remains fixated on its guidance, searching for insights regarding the timing of the next potential rate reduction. Speculation is mounting that a more dovish replacement for Fed Chair Jerome Powell might be appointed within the week.