The DAX slipped on Wednesday, closing at 24 823 points-down 0.3 % from yesterday’s close. It opened at the previous day’s level, fell sharply, briefly touched the green zone, then widened the loss before trimming part of it in the late afternoon.
Market analyst Andreas Lipkow said investors are facing a “series of paradigm shifts”. He pointed out that precious‑metal prices are in a steep run while the U.S. dollar continues to weaken against the euro. “This will eventually affect export values, and investors will have to keep an eye on that” he added. “The current central‑bank meeting is also highly significant and could shake up financial markets considerably”.
In Frankfurt, Daimler Truck and Infineon sat at the top of the trading list until just before the session ended, while Bayer and Fresenius made up the bottom of the table.
Gas prices fell: the cost of one megawatt hour (MWh) of gas for February delivery was €38, 1 % less than the day before. If that level persists, consumers would pay roughly eight to ten cents per kilowatt‑hour (kWh) after taxes and ancillary costs.
Oil, on the other hand, saw a rise. Brent crude traded at $68.06 per barrel at 5 pm German time on Wednesday-a 49‑cent increase, or 0.7 %, from the previous trading day’s close.
The euro weakened in the afternoon: 1 € = $1.1944, which means 1 $ = €0.8372.
