The DAX opened the trading day on a positive note. About 9:30 a.m. the benchmark was calculated at roughly 25,120 points, up 0.5 % from the previous day’s closing level. The top of the index was led by Rheinmetall, Siemens, and Siemens Energy, while Bayer, Brenntag, and BASF were at the bottom of the list.
“Investor nervousness remains high in both directions” said Jochen Stanzl, chief market analyst at Consorsbank. The DAX is already making its seventh attempt in four weeks to breach the 25,000‑point threshold, especially after a sell‑off seemed likely yesterday afternoon. “The turnaround is being driven by the New York Stock Exchange” Stanzl added, noting a sudden reversal that caught market participants by surprise.
He cautioned that “the sustainability of this move remains to be seen”. The recovery of yesterday could quickly evaporate without subsequent buying. In the meantime, the DAX has been playing a cat‑and‑mouse game with short‑term traders, who are repeatedly lured into traps as the index oscillates between sides.
The euro was slightly weaker on Wednesday morning: one euro bought $1.1837, while one dollar was worth €0.8448.
Oil prices edged higher during the day: at 9 a.m. German time a barrel of North Sea Brent traded at $67.65, a rise of 23 cents or 0.3 % above the previous session’s close.
