On Wednesday the German DAX slipped, closing at 24,856 points-a decline of 0.5 % from the previous day’s close. Among the top performers were Siemens Energy, Vonovia and Infineon, while Zalando, SAP and Scout24 finished at the bottom of the list.
CMC Markets’ chief market analyst, Andreas Lipkow, noted that better‑than‑expected U.S. economic data initially lifted Wall Street, but the momentum did not carry over to the Dax. “The overall dynamic in European markets is somewhat disappointing these days. The clear investor trend remains profit‑taking, even for companies reporting solid quarterly results” he said. He highlighted Siemens Energy as an exception, pointing out that the company’s numbers outperformed even the most optimistic forecasts, pushing its share price up an additional six percent.
In contrast, the Commerzbank’s stock fell to the bottom of the loss list after the bank’s solid figures triggered sell‑offs. The bank’s business has been gaining traction, yet this improvement has largely already been priced in over recent weeks. Lipkow added that many major market participants had set relatively high expectations-particularly for the outlook-and were disappointed when the data fell short, leading to sell pressure and a decline in demand for a lack of positive catalysts.
The euro weakened in the afternoon, trading at 1 € = 1.1866 USD, while the dollar was quoted at 0.8427 € per USD. Meanwhile, Brent crude saw a notable rise, trading at $69.94 per barrel at 5 p.m. German time-1.7 % higher than the previous trading day’s close.
