The DAX remained in negative territory on Wednesday, continuing a weak performance from the start of the trading day until lunchtime. Around 12:30 PM, the leading index was recorded at approximately 24,880 points, representing a 1.0 percent decrease from the previous day’s closing level. RWE, Zalando, and Eon led the gainers, while Fresenius, Deutsche Bank, and Mercedes-Benz were among the biggest decliners.
Andreas Lipkow, Chief Market Analyst at CMC Markets, noted that the ongoing instability related to the war in Iran is now compounded by the debate surrounding US punitive tariffs. He stated, “President Trump wants to impose higher duties on countries in the Eurozone and Great Britain”.
Furthermore, sporadic selling pressure is appearing in the private equity sector, which is leading to larger drops in stock prices. Lipkow added that market sentiment is becoming more tense, and investors are growing increasingly nervous. He cautioned that the current stock market trends only partially reflect the real economy, suggesting that future consequences could arise in the coming months if enthusiasm for semiconductor stocks and the AI sector fades.
Meanwhile, the common European currency weakened slightly mid-day; one Euro traded at 1.1616 US dollars, meaning a Dollar cost 0.8609 Euros.
In contrast, the price of oil rose sharply. At approximately 12 PM Central European Time, a barrel of North Sea Brent crude was priced at 98.24 US dollars, marking a 2.3 percent increase from the previous day’s close.
