DAX Correction Expected Ahead of ECB Meeting
As investors take profits following a record rally in the DAX, a correction is deemed likely. Analysts anticipate that the European Central Bank will reduce interest rates by 0.25% during its upcoming meeting. Global markets reacted variably, with losses in the US indices, while Asian markets saw gains driven by expected policy shifts in China. Delivery Hero’s subsidiary, Talabat, saw a positive debut on the Dubai exchange, while Allianz and Eli Lilly announced significant plans for shareholder returns and stock buybacks, respectively.