The German Dax index, which had experienced losses in the interim, showed a recovery on Wednesday. At the Xetra closing, the index was calculated at 21,585.93 points, a 0.37 percent gain compared to the previous day’s close.
“Despite the recent setbacks, the markets still seem in order and investors are seeing external shocks such as DeepSeek and Trump’s tariffs as attractive buying opportunities” commented market analyst Konstantin Oldenburger from CMC Markets on the current developments. “The renewed recovery in the Dax and on Wall Street speaks for a lot of remaining optimism, even after two strong stock market years with extraordinary returns. The big weighing of chances and risks, however, has now begun” Oldenburger said.
Risks lurked, among other things, in the fact that large US technology companies, which have now become heavyweights, are being traded at historically high multiples, the analyst said. “Additionally, the US Federal Reserve, due to the persistent inflation, has shifted to a wait-and-see approach. And last but not least, China’s response to Trump’s tariffs could unfold with clinical precision in the coming weeks and months” he predicted.
At the top of the Dax stock list, Vonovia’s papers stood out with a gain of over three percent, closely followed by those of Siemens Energy and Infineon. The stocks with the steepest price losses were found at the end of the list, with Symrise being the weakest.
The European common currency was stronger on Wednesday afternoon: one euro was worth 1.0418 US dollars and one dollar was worth 0.9599 euros.
The gold price was able to profit, with 2,870 US dollars per ounce being paid in the afternoon (+1 percent), which corresponds to a price of 88.58 euros per gram.
The oil price, on the other hand, declined significantly: a barrel of the Brent North Sea type cost 74.69 US dollars at 5 pm German time, a decrease of 151 cents or 2.0 percent compared to the previous day’s close.