The Dax index had a moderate start on Wednesday and barely moved until lunchtime. By around 12:30 pm, the index was calculated at around 20,340 points, which is a minimal increase compared to the previous trading day. Henkel, Fresenius, and Vonovia led the price list, while Zalando, SAP, and Siemens Energy trailed at the end.
“Today, the second trading wave is being played in the market” said market expert Andreas Lipkow. “The stocks of TUI after presenting its quarterly results and those of Zalando and Aboutyou after takeover plans are in the focus of investors.” It seems that the trading will remain calm and sideways. “Only just before the US market opens, new momentum could come to the European market with the US consumer price data.”
The European common currency was weaker on Wednesday: one euro cost 1.0494 US dollars, and one US dollar was worth 0.9529 euros.
Meanwhile, the oil price rose: a barrel of North Sea Brent cost around 12 pm German time at 72.78 US dollars, which is 59 cents or 0.8% more than at the end of the previous trading day.