The DAX stayed just below zero after a modest morning and remained close to the red zone until lunchtime. At around 12:30 CET the index was calculated at 24,715 points-down 0.3 % from the previous day’s closing level. The top of the daily chart was led by Brenntag, Symrise, and Deutsche Telekom, while Heidelberg Materials, Scout24, and Siemens fell to the bottom of the list.
“Investors are still cautious” said market analyst Andreas Lipkow. “The Middle East remains tense, and an increasing number of mixed company news and quarterly reports are filtering into the financial markets. The DAX suffers from this particularly, because it still relies heavily on those factors and can scarce develop an independent trajectory”.
Key DAX heavyweights were stuck in the mid‑range on this day and offered little support. Lipkow added that this situation could change, but it will likely remain a driving factor for the time being. “The performance of U.S. equity markets, in particular, plays a crucial role as a price driver for the DAX” he said.
The euro was slightly weaker at mid‑afternoon on Wednesday, trading at 1.1812 USD per euro, which meant one U.S. dollar cost 0.8466 EUR.
Oil prices edged higher. Around noon German time, a barrel of North Sea Brent crude fetched $67.41, up 8 cents-or 0.1 %-from the previous day’s close.