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Stabilized:
The Dax is a little firmer on Wednesday
Photo: Frank Rumpenhorst / picture alliance / dpa
After Tuesday's setback, the German stock market firmed again on Wednesday.
The
Dax
recently rose by 0.5 percent to 14,457 points.
The
MDax
of medium-sized companies, on the other hand, stagnated at the previous day's level at 29,914 points.
The Eurozone leading index
EuroStoxx 50
gained 0.2 percent.
In the US, the Dow Jones and Nasdaq started trading with modest gains.
Capital market strategist Jürgen Molnar from RoboMarkets sees the Dax currently on a consolidation course.
Recently, the prospect of an end to the lockdown in Shanghai has reduced recession worries.
"Whether and when today's openings in China will have a positive effect on the heavily strained supply chains cannot be estimated at this point in time," explained Molnar.
DWS under pressure after chief's departure
DWS
shares
fell another 7 percent and widened the losses to almost 13 percent within two trading days.
The day before, the report of a search of the business premises had pulled the fund company's shares down from their highest level since mid-February.
According to the public prosecutor's office in Frankfurt, there is a suspicion of capital investment fraud.
The parent company Deutsche Bank reacted on Wednesday night and announced a change in management at DWS.
Zalando
titles
lost 3.0 percent.
The British bank Barclays had downgraded the online fashion retailer's shares from "overweight" to "equal weight" and lowered the price target to 48 euros.
While Zalando has good long-term prospects, analyst Andrew Ross believes it faces challenges in the near term, particularly in Germany, as high inflation is likely to dampen people's willingness to buy.
SAP benefits from Salesforce
The shares of the Dax heavyweight
SAP
could not keep their initial gains.
First, they benefited from a better earnings outlook from competitor Salesforce, rising as much as 1.5 percent.
But then they even slipped slightly into the red.
A broker explained the crumbling course with increasing fears that Salesforce could snatch market share from the German software company.
Lanxess
shares
extended their previous day's gains after positive analyst reactions to the spin-off of the specialty plastics business.
With a price increase of 2.5 percent, the papers of the specialty chemicals company went to another high since the end of February.
The joint venture with the Advent investment company, which was announced the day before, was rewarded by investors with a total price increase of around 14 percent.
Auto values support Tokyo stock exchange - end of lockdown in Shanghai
Asian stock markets failed to find a common direction on Wednesday.
In Tokyo, the Nikkei index rose 0.7 percent to 27,457 points.
The broader Topix index rose 1.4 percent.
Investors grabbed auto stocks after a positive analyst comment.
Toyota rose 3.5 percent, Nissan rose 7.7 percent and Honda rose 4.3 percent.
The experts at the major US bank JP Morgan expect Japanese car companies to make record profits this year.
In contrast, equity investors in China went on the defensive despite the end of the two-month corona lockdown in Shanghai.
The Hong Kong Stock Exchange was down 0.7 percent, with healthcare and commodity stocks falling the most.
The Shanghai stock exchange was down 0.6 percent.
From Wednesday, life in the economic metropolis of Shanghai should return to some extent to normal.
Among other things, local public transport will be resumed and residents will be able to go back to work.
Despite state aid to support the economy, analysts expect the Chinese economy to contract in the second quarter.
US stock markets start with gains
The US stock exchanges closed with losses on Tuesday, but started an attempt to recover on Wednesday.
The leading US index
Dow Jones Industrial
rose 0.5 percent in early trading on Wednesday after falling 0.7 percent the previous day and falling below the 33,000 point mark.
The market-wide S&P 500 recently gained 0.4 percent.
The tech-heavy Nasdaq 100 gained 0.4 percent, erasing the day's losses.
Oil stocks and Alibaba in focus
The focus was primarily on oil stocks, which fell after significant gains in the meantime.
Strong-performing shares of Dow member Chevron, which hit a record high on the day at just under $181, ended up falling 2.0 percent.
In the S&P 100, ConocoPhillips and ExxonMobil gave up gains and ended 2.0 and 1.6 percent weaker, respectively.
Marathon Oil, on the other hand, was able to keep up and rose by 1.2 percent.
In early trading, oil stocks benefited from the European Union's plans to ban Russian oil supplies by sea.
However, transport by pipeline remains possible.
According to EU Commission President Ursula von der Leyen, oil imports from Russia will be reduced by 90 percent by the end of the year.
In contrast, Chinese companies listed on Wall Street such as Alibaba and Baidu were able to hold up.
Alibaba rose 2.8 percent and Baidu rose 0.9 percent.
The easing of the corona lockdowns in China and improving Chinese economic data provided a boost.
Bitcoin hardly changed
The world's best-known digital currency Bitcoin has settled after its recent surge above the US$ 31,000 mark and was last listed on the Bitstamp trading platform at US$ 31,570.
The cryptocurrency had previously come under pressure but has attempted a recovery over the past few days.
Bitcoin hit a record high of $69,000 in November last year.
Oil prices keep climbing
After the EU embargo on a large part of Russian oil imports and the end of the corona lockdown in Shanghai, the oil price continues to rise.
The price of Brent from the North Sea rose by one percent to $116.90 per barrel (159 liters).
The West Texas Intermediate variety was also somewhat firmer.
According to traders, the price increase is being held back by media reports that some members of the Opec oil cartel are considering excluding Russia from an oil production agreement.
This fuels speculation that supply will increase as some Gulf states could produce more.
With news agencies