04.09.202516:21:34UTC+00DAX Sees 2nd Day of Gains

The DAX index in Frankfurt continued its upward trajectory, closing approximately 0.7% higher at 23,770 on Thursday, marking its second day of gains and outperforming other European markets. This positive sentiment was buoyed by increasing data suggesting the possibility of an upcoming interest rate cut by the Federal Reserve. Investors are now turning their attention to the upcoming US employment figures expected on Friday, which could provide further insight into the Federal Reserve’s future actions. Leading the pack of advancing stocks were Siemens Energy, up by 3.7%, Heidelberg Materials with a 3.5% increase, and Deutsche Telekom, which rose by 2.4%. Commerzbank, Zalando, and RWE also saw gains of 2.2%, 2.1%, and 2%, respectively. On the downside, Porsche AG and healthcare company Sartorius experienced declines of 3.9% and 1.1%, respectively, as they prepare to exit the DAX in the upcoming quarterly reshuffle, making way for Scout24 and GEA Group to join the index from September 22.