The DAX experienced a decline on Wednesday, closing at 23,633 points – a decrease of 0.4 percent compared to the previous day’s close. Following a positive start, the index saw its initial gains eroded throughout the morning, ultimately shifting into negative territory in the afternoon.
Market analyst Andreas Lipkow noted that investor concerns regarding the potential impact of active US tariffs on inflation in the United States are recurring. “The fact that parts of the US economy appear to be demonstrating the effects has recently led to expectations of interest rate cuts in the upcoming trading week.
Siemens Energy led the Frankfurt stock exchange throughout much of the trading day, followed by Rheinmetall and Siemens Healthineers. At the bottom of the rankings were the shares of Deutsche Telekom and SAP.
Gas prices rose noticeably, with a megawatt-hour (MWh) for delivery in October costing 33 euros – a 1 percent increase from the previous day. This suggests a consumer price of at least approximately eight to ten cents per kilowatt-hour (kWh), including incidental costs and taxes, should this price level persist.
Oil prices also saw a significant increase, with a barrel of Brent North Sea crude costing $67.38 in the afternoon, up 99 cents or 1.5 percent from the previous trading day’s close.
The European currency strengthened slightly; one euro cost $1.1723, while a dollar was worth 0.8530 euros.