Frankfurt’s DAX rose 0.6% on the final trading day of July, surpassing the 24,400 mark to reach its highest level since July 10. The index was on track for a third straight day of gains, as investors focused on corporate earnings and monitored ongoing trade negotiations. Lufthansa added 1.5% after a better-than-expected Q2 performance and a reaffirmed outlook, while BMW lost 0.5% as quarterly profits came in lower. Positive earnings from Microsoft and Meta also supported sentiment, lifting shares of SAP (+1.8%) and Siemens Energy (+1.8%). Meanwhile, traders digested the latest Fed's decision to leave interest rates unchanged. Fed Chair Jerome Powell struck a cautious tone, citing a strong labor market and persistently high inflation despite slowing growth, prompting markets to temper expectations for a September rate cut. In trade developments, President Trump unveiled a 25% duty on Indian imports and excluded the most traded copper forms from a planned 50% tariff.