Economic data and the Federal Reserve's decision take center stage, as the DAX experiences a marginal increase.
In a day marked by economic fluctuations, the global market witnessed a series of significant events.
The gold market saw a slight decrease, with the price of one troy ounce trading at $3,686 USD (-0.1 percent) or 100.03 euros per gram. The gold price per gram in euros stood at 100.03 on Wednesday.
Meanwhile, the oil market experienced a similar trend, as a barrel of North Sea Brent crude fell by 0.6 percent on Wednesday, costing $68.05 USD at 5 pm German time.
The European common currency weakened on Wednesday afternoon, with one euro costing $1.1848 USD and one dollar equivalent to 0.8440 euros. This currency shift had a ripple effect on the German stock market, with the Dax showing restraint, closing at 23,359 points, up 0.1 percent from the previous day's close.
The US economy, too, presented some challenges. US consumer confidence had already raised concerns among investors, and the recent drop in US housing starts, which fell significantly by 8.5 percent compared to the previous month, added to these worries. Market analyst Andreas Lipkow stated that this shows weakness in the second important pillar of the US economy.
The US Federal Reserve's decision today and Chairman Jerome Powell's accompanying words will be eagerly awaited. Jerome Powell, the Chair of the U.S. Federal Reserve, announced a quarter-point interest rate cut on September 17, 2025, responding to a weakening labor market, persistent inflation, and political pressure to lower borrowing costs. This decision is expected to help address economic slowdown risks but has drawn some dissent within the Fed. The Fed is likely to consider the drop in US housing starts in its interest rate decision today.
A photo, taken by the dts news agency, captures the day's economic landscape. As the market continues to evolve, investors and analysts alike will watch closely for further developments.
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