By Wednesday afternoon the DAX remained in the green after a friendly start to the day. At about 12:30 p.m. local time the index was calculated at roughly 25,235 points, up 0.9 % compared with the previous trading session.
“The mid‑week investors are again turning their attention to the heavyweights and buying shares of Siemens, Siemens Energy and SAP” explained Andreas Lipkow, chief market analyst at CMC Markets. “That pushes the DAX toward gains and close to the rounded 25,200‑point level”.
To lift the DAX from last week’s peak near 25,250 points and continue the upward trend, it would need a further positive impulse. “We’re seeing a continuation of the rotation that today focuses on the losers of recent trading days” Lipkow added.
At the end of the session Bayer’s shares, which had performed a true roller‑coaster in the past hours, were notably weak. “Yesterday afternoon the stock still climbed in bright euphoria over a possible resolution to the U.S. legal dispute, and it was among the top gainers with more than an 8 % jump” Lipkow said. “Today, however, disappointment appears as the sought‑after resolution is legally complex and may not lead to a satisfying outcome”.
Bayer’s shares slipped again, dropping about eight percent, contingent on the willingness of the majority of U.S. claimants and the overall judgment of the responsible court. “It’s a gamble that has a sound premise but depends on several factors that can’t yet be assessed” he noted.
The euro was slightly weaker at mid‑afternoon: one euro bought 1.1831 U.S. dollars, meaning one U.S. dollar was worth 0.8452 euros.
Oil prices rose sharply. At around 12:00 p.m. German time a barrel of North Sea Brent was priced at $68.44, up 1.5 % from the close the day before.