30 AM German time-an increase of roughly 0..2 % from yesterday’s closing level. Siemens Energy, MTU Aero Engines and Commerzbank led the gains on the index, while Fresenius, Heidelberg Materials and Beiersdorf were at the bottom of the list.
Thomas Altmann of QC Partners noted that the market is looking forward to the release of Nvidia’s quarterly report. “With Nvidia’s current‑quarter earnings, the earnings season for Q4 is hitting its peak” he said. “The outlook will be as important as the numbers themselves. The Nvidia report could either ease current concerns about artificial intelligence or amplify them significantly”.
Altmann added that the 25,000‑point mark remains fiercely contested. “Yesterday’s trading saw the index cross the 25,000 level up and down many times, illustrating the hard‑fought battle between bulls and bears” he explained. Until the direction of the DAX is clear-which hinges on who wins the fight for the 25,000 threshold-the market’s future trajectory remains uncertain.
In currency markets, the euro strengthened slightly early Wednesday. One euro traded for 1.1793 USD, and one USD was exchanged for 0.8480 EUR.
Oil prices edged higher as well. At about 9:00 AM German time, a barrel of Brent‑grade North Sea crude was priced at $70.99-up 22 ¢, or 0.3 %, from yesterday’s closing price.