The German stock market index slipped into the negative a little after a conservative start on Wednesday. By around 12:30 pm, the DAX was calculated at roughly 24,880 points, down 0.1 % from the previous day’s closing level.
Only Infineon managed to out‑perform the wider trend, staying near the top of the price list, while the majority of the 40 DAX constituents fell into negative territory.
Market analyst Andreas Lipkow said that investors remain on standby, waiting for the U.S. Federal Reserve’s press conference. He added that Jerome Powell’s remarks “once again have the potential to shift market levels sustainably”. Lipkow noted that many questions remain unanswered and that investors hope for clarity today.
The euro weakened in the afternoon: one euro bought 1.1973 U.S. dollars, while one U.S. dollar was worth 0.8352 euros.
Gold benefited noticeably; a troy ounce fetched $5,257 on Wednesday afternoon, a 1.6 % rise. That equals about 141.16 euros per gram.
Oil prices dipped slightly: a barrel of North Sea Brent was priced at $67.46 around 12 pm German time, 11 cents (0.2 %) lower than the previous day’s close.
