As of: February 21, 2024, 6:12 p.m
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The Dax is the most important stock index in Germany.
© Fredrik von Erichsen/dpa
Ahead of the eagerly awaited quarterly results of the US semiconductor giant Nvidia, investors regained some courage in the middle of the week.
The German leading index Dax gained 0.29 percent on Wednesday, closing at 17,118.12 points.
It remained within striking distance of the record high of around 17,200 points.
For the MDax of medium-sized stocks, however, it fell by 0.17 percent to 25.
Frankfurt/Main - 714.20 points downwards.
Nvidia reports on its latest business developments shortly after the US stock market closes.
The company is considered an indicator of the fantasy surrounding the topic of artificial intelligence (AI) that lies in many tech stocks.
Before the Nvidia figures, monetary policy should attract attention in the evening - with the minutes of the most recent US Federal Reserve meeting.
The details from this could become important in order to better assess the likelihood and timing of interest rate cuts.
Economic data recently has not been conducive to the assumption that this will happen quickly.
Cyclical stocks were in demand on the German market - i.e. stocks that are more dependent on economic developments.
In the Dax, this was reflected in price increases of up to 2.4 percent for securities from the automotive industry such as Mercedes-Benz, BMW, Porsche and Volkswagen.
In the Dax, Fresenius was also in focus with annual figures.
After strong price gains in early trading, shares largely gave up and closed only 0.6 percent higher.
Analysts criticized the healthcare group’s cautious forecasts for 2024.
Repligen's business outlook, which was weaker than experts expected, dragged down Sartorius's assets.
The shares of the German pharmaceutical and laboratory supplier lost 0.9 percent.
At minus 6.9 percent, SMA Solar shares suffered from negative information from the USA.
A disappointing outlook from US competitor Solaredge, whose shares collapsed in New York trading, weighed on the inverter manufacturer's share price.
A buy recommendation from the investment bank Kepler Cheuvreux boosted the shares of the industrial services provider Bilfinger.
They gained 4.2 percent at the top of the SDax small cap index.
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Europe's stock markets were mostly up.
The EuroStoxx 50, the leading index of the Euroregion, gained 0.32 percent to 4775.31 points, while the Paris Cac 40 even reached a record high.
The London FTSE 100, however, closed lower.
In the USA, the Dow Jones Industrial recently fell moderately.
The technology-heavy Nasdaq 100 was more significantly in the red.
In foreign exchange trading, the euro was quoted at 1.0815 US dollars.
The European Central Bank (ECB) had previously set the reference rate at $1.0809.
The current yield on the bond market stagnated at 2.42 percent.
The Rex bond index rose by 0.03 percent to 125.37 points.
The Bund future lost 0.47 percent to 132.48 points.
dpa