The DAX stayed in the green through Wednesday’s midday session, rising from a friendly start earlier in the day. By about 12:30 p.m. local time, the index was trading at roughly 25,235 points-a gain of 0.9 % compared with the previous trading day.
“By mid‑week, investors once again focus on the heavyweights and buy shares of Siemens, Siemens Energy and SAP” said Andreas Lipkow, chief market analyst at CMC Markets. “This drives further gains for the DAX and brings it close to the round figure of 25,200 points”. To keep the series above last week’s peak near 25,250 points and sustain the upward trend, a new positive impulse is needed. “We’re presently seeing a continued rotation toward the losers from recent sessions” Lipkow added.
Bayer shares, which had experienced a roller‑coaster of performance in the past few hours, were a key contributor to day‑end moves. “Yesterday afternoon these stocks were trading in high euphoria over a possible legal resolution and topped the day’s winners with a rise of more than eight percent” Lipkow recounted. “Today that enthusiasm has faded, as the proposed solution is legally complex and may not yield a satisfying outcome”. The outcome hinges on the willingness of the U.S. plaintiffs to cooperate and on the broader rulings of the responsible court. “It’s a balancing act with a good underlying idea, but one that depends on variables that are difficult to quantify at present” the analyst said, noting that Bayer’s shares would fall another roughly eight percent.
At mid‑Wednesday, the euro was a touch weaker: one euro bought 1.1831 USD, meaning one dollar was worth 0.8452 euro. Meanwhile, oil prices climbed sharply. Near 12:00 p.m. German time, a barrel of Brent‑grade North Sea crude was priced at 68.44 USD, up 1.5 % from the previous close.
