A consolidation of prices at a higher level is also the motto on the German stock market in the middle of the week.
At the start of Wednesday trading, the DAX was 0.41 percent higher at 15,965.13 points. The German leading index is currently rising by 0.44 percent to 15,969.78 points.
The minutes of the last meeting of the US Federal Reserve, the so-called “Minutes”, were unable to provide any decisive impetus to the US stock exchanges the evening before. The requirements from there for European stock exchange business are largely neutral. There was also little action on the foreign exchange and bond markets after the Fed minutes.
The DAX’s stagnation below the 16,000 point mark is likely to continue. On Tuesday it was basically standing still at around 15,900 points.
Fed minutes provide little stimulus
Investors had hoped for new monetary policy signals in the US Federal Reserve’s interest rate minutes published after trading closed in Europe. The Fed is now cautious after a series of aggressive interest rate hikes.
Economic data on the agenda
Economic data from the USA may set new trends in the afternoon. Initial jobless claims and orders for durable goods are expected from the USA one day before the Thanksgiving holiday break.
Stocks in investor focus
The companies are likely to focus on thyssenkrupp shares. The bottom line is that the industrial group slipped deep into the loss zone in the last financial year 2022/23.
Editorial team finanzen.net / dpa-AFX / Reuters