DAX Rebounds Slightly
The DAX 40 turned slightly positive, trading around 26,300 on Wednesday and heading for a second straight session of gains. Market sentiment was supported by the ongoing decline in oil prices amid hopes for the reopening of the Strait of Hormuz, alongside stabilizing bond yields. However, a sense of caution prevailed ahead of Nvidia’s earnings and key US inflation data that could influence rate expectations. Banks led sectoral gains, with tech, industrials, pharma and healthcare, utilities, and chemical stocks also advancing, offsetting sharp losses in software.
The DAX 40 turned slightly positive, trading around 26,300 on Wednesday and heading for a second straight session of gains.
Market sentiment was supported by the ongoing decline in oil prices amid hopes for the reopening of the Strait of Hormuz, alongside stabilizing bond yields.
However, a sense of caution prevailed ahead of Nvidia’s earnings and key US inflation data that could influence rate expectations.
Banks led sectoral gains, with tech, industrials, pharma and healthcare, utilities, and chemical stocks also advancing, offsetting sharp losses in software.