At 12:30 p.m. on Wednesday, the DAX was quoted at about 23 845 points, a rise of 0.5 % from yesterday’s close.
Top gainers were Siemens Energy, Commerzbank and Heidelberg Materials; the lowest performers were Deutsche Telekom, FMC and RWE.
Chief market analyst Andreas Lipkow of CMC Markets said that investors are rewarding a probable easing in oil‑market tensions that stems from increased pressure on Iran. More countries are calling for a relaxation of the situation in the Strait of Hormuz, and the aim is a political, not military, solution. As a result, the Iran conflict is losing some of its alarming impact on global financial markets.
Lipkow added that the slowdown in oil‑price growth is far more critical than Brent crude trading above the $100 a barrel threshold. Earlier, investors had run scenarios of $120-$150, which are now becoming less likely. In the DAX this has translated into a heightened focus on banking names and a resurgence of auto manufacturers. Technically, the index sits just below a threshold that could usher in a more optimistic trading phase, with the round 24 000‑point mark acting as a magnetic attractor.
He also noted that tonight’s U.S. Federal Reserve meeting will be a key event, offering insights into policymakers’ assessment of the U.S. economic outlook and price developments. The potential for stagflation is expected to dominate the conversation.