At 12:30 on Wednesday, the DAX was trading at 23,140 points, a level that is 2.0 % above the closing price of the previous trading day. The index continued its strong gain for most of the session, remaining well into the green area until noon. Among the best‑performing stocks were Rheinmetall, Commerzbank and Siemens Energy, while BASF, Scout24 and Brenntag lagged at the bottom of the list.
CMC Markets’ chief market analyst, Andreas Lipkow, noted that while investor sentiment has softened somewhat, it has not yet turned euphoric across European trading venues. He added that uncertainty remains about whether a lasting cease‑fire or peace can be achieved, pointing out that recent developments often change abruptly and then diverge from initial expectations.
Lipkow also observed that the markets are mainly pricing the worst‑case scenarios, but the high price of crude oil continues to weigh heavily. This pressure is evident, for example, in the performance of BASF at the end of the DAX.
Positive signals are coming from Europe’s Purchasing Managers’ Indexes, with Germany showing results slightly better than anticipated. These data provide short‑term optimism that the Eurozone economy might not face the steep slowdown that has been feared.