FX.co ★ DAX Marginally Higher Ahead Of Fed, BOE Meetings

German stocks showed a slight increase on Tuesday, as investors turned their attention to the pivotal Federal Reserve and Bank of England policy meetings scheduled for later this week. These meetings are expected to provide some direction on the future course of monetary policy.

Earlier in the day, the Bank of Japan unexpectedly raised its main interest rate for the first time in nearly two decades. This decision came after a comprehensive examination of the positive feedback loop between wages and prices in the country.

Meanwhile, the Reserve Bank of Australia chose to maintain its existing interest rates and withdrew its previously somewhat hawkish position.

Wednesday will see a meeting of policymakers at China's central bank, the People's Bank of China. This will be closely followed by central bank meetings in Switzerland and Norway on Thursday.

On Wednesday, Federal Reserve Chair Jerome Powell and fellow officials will present their latest economic and rate predictions, which is the first such update since December.

Later on Thursday, the Monetary Policy Committee (MPC) of the Bank of England is anticipated to keep its current interest rates unchanged.

In other developments, the standard German DAX index rose by 0.1 percent, gaining 20 points to reach 17,953, after a flat performance with a slight downward trend the day before.

Notably, Fraport, an airport operator, saw its shares fall by 6.2 percent due to its lower-than-expected EBITDA results for the fourth quarter and underwhelming guidance for 2024.

Despite this, the DEUTZ Group saw a rise of 3.4 percent for its shares, after achieving record-breaking profits and meeting its guidance targets for a consecutive third year.