German equities edged higher on Wednesday, with the DAX index closing at 23,595 points – a gain of 05 percent compared to the previous day’s closing value Initial positive momentum carried the index upward during the morning session, although some gains were pared back during afternoon trading
Market analyst Andreas Lipkow noted that investors are continuing to assess the economic and political landscape in Europe, observing a general lack of strong momentum and buyer interest Trading was described as sluggish and exhibiting lower volume
Shares in Adidas and Zalando led the gainers at the close of trading, while Infineon shares were among the worst performers
Energy markets displayed contrasting movements The price of gas increased, with a megawatt-hour costing €32 – a 1 percent rise on the day At this level, consumers could face costs of at least eight to ten cents per kilowatt-hour, inclusive of taxes and additional charges, should prices remain sustained
Conversely, oil prices fell significantly Brent crude traded at $6747 per barrel in the late afternoon, representing a decrease of 24 percent from the previous day’s close
The Euro also strengthened against the US dollar, trading at $11678, while the dollar was worth €08563