German equity markets saw positive gains on Wednesday, with the DAX index closing at 24,186 points, a rise of 0.7 percent from the previous day’s close. The index maintained a stable upward trajectory following a favorable opening.
Market analyst Andreas Lipkow noted investor caution ahead of the scheduled meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday to discuss the Ukraine conflict. He also highlighted the anticipation surrounding upcoming US inflation data, which will likely influence monetary policy decisions. Lipkow pointed out recent persistence in US price increases, potentially exacerbated by existing tariffs.
Shares in Bayer, Fresenius and FMC led gains on the Frankfurt exchange, while Siemens Energy stocks lagged behind.
Energy markets presented a mixed picture. The price of natural gas rose, with a megawatt-hour for September delivery reaching 33 euros, a one percent increase. This price level, if sustained, could translate to consumer costs of eight to ten cents per kilowatt-hour, including associated taxes and fees.
Conversely, oil prices declined. Brent crude futures were trading at 65.36 US dollars per barrel in the late afternoon, representing a 1.2 percent decrease from the previous day’s closing price.
The euro strengthened against the US dollar, trading at 1.1716 US dollars, while the dollar was valued at 0.8535 euros.
