DAX regains 25,000 as sentiment improves
At the start of Wednesday’s trading, the DAX was seen around 25,050 points, as the positive sentiment from New York added momentum and pushed the German index above this psychologically important level. Trading around 25,000 points continues, reflecting an ongoing battle between buyers and sellers on the Frankfurt stock exchange, with the trend still undecided.
Global markets supported by US rebound
The turnaround in New York has also supported Asian markets, even though Chinese, Hong Kong and South Korean markets were closed for holidays. In Japan, stronger-than-expected import and export figures and changes to depreciation rules helped the Nikkei climb above 57,000 points. Commodities, including precious metals, are also attracting renewed interest.
Investor concerns about the disruptive impact of artificial intelligence appear to have eased somewhat, encouraging buying in many technology stocks.
US data and Fed minutes in focus
Later today: a range of US economic releases are due, including data on orders for durable goods, capacity utilisation, housing starts and industrial production. The Fed minutes from the last monetary policy meeting will also receive attention, as they may give insights into the future interest-rate path.
