On Wednesday the DAX kept its green trajectory until midday after a strong opening. By about 12:30 CET the benchmark index stood at roughly 23,030 points-1.8 % above yesterday’s closing level. Siemens Energy, Infineon and Commerzbank topped the daily gains, while Deutsche Telekom, Deutsche Börse and EON were at the bottom of the list.
“After a vigorous start and a decisive leap past the 23,000‑point mark, the stocks are now falling back a bit” said Andreas Lipkow, chief market analyst at CMC Markets. He added that overall there is still a sense of relief that the situation in the Middle East is not deteriorating further in the short term. The positive signal from the negotiation efforts outweighs lingering anxieties, though doubts remain about whether the discussed talks could actually lead to a cease‑fire, since the three belligerent sides have markedly different expectations.
The move toward negotiations is driven by several third countries, including Pakistan, which has stepped in as a mediator to support the talks. According to Lipkow, the resulting decline in oil prices-particularly for Brent crude-has eased some pressure on equity markets. Moreover, European Central Bank statements about potential actions to stabilize the euro‑zone economy have caused a slight drop in German government bond yields.
The euro was slightly weaker at mid‑Wednesday: one euro fetched 1.1605 USD, while one dollar was worth 0.8617 EUR.
Meanwhile, oil prices fell. At around 12 pm German time, Brent crude was trading at 98.05 USD per barrel-down 6.44 USD, or 6.2 %, from the previous trading day’s close.