The German stock market benchmark, the DAX, rebounded from a sluggish morning start to trade in positive territory by midday on Wednesday. The index reached approximately 24,140 points around 12:30 PM, marking a gain of 0.3 percent compared to the previous trading day’s close.
Leading the gainers were shares of Zalando, Munich Re and Deutsche Telekom, all experiencing substantial increases in value. Countering the overall positive trend, Brenntag, Volkswagen and Porsche shares saw more significant declines.
The Euro strengthened slightly against the US Dollar, reaching a rate of 1.1613 USD per Euro. Consequently, the dollar was trading at 0.8611 EUR.
Meanwhile, oil prices decreased. Brent crude, a benchmark variety of North Sea oil, was trading at $68.42 per barrel, a drop of 29 cents, or 0.4 percent, less than the closing price of the previous trading day.