German stock market indices registered gains on Wednesday, with the DAX closing at 24,186 points, representing a 0.7 percent increase from the previous day’s closing value. The index maintained a positive trajectory throughout the trading session following a favourable opening.
Market analyst Andreas Lipkow noted that investors are adopting a cautious approach ahead of the planned meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday, concerning the Ukraine conflict. He also highlighted the anticipation surrounding upcoming US inflation data, which will likely influence monetary policy decisions. Lipkow pointed out recent resilience in US price levels, potentially exacerbated by the impact of tariffs.
Shares in Bayer, Fresenius and FMC led gains on the Frankfurt exchange, while Siemens Energy stocks experienced the largest decline.
Commodity markets also saw movement. Natural gas prices increased, with a megawatt-hour costing 33 euros – a one percent rise – potentially translating to consumer prices of eight to ten cents per kilowatt-hour, inclusive of taxes and levies, should current levels persist.
Conversely, oil prices decreased. Brent crude futures were trading at 65.36 US dollars per barrel in the late afternoon, down 1.2 percent from the previous closing price.
The Euro registered strength against the US dollar, trading at 1.1716 US dollars, while the dollar was valued at 0.8535 Euros.