Before the interest rate decision by the US Federal Reserve, the mood among Dax investors brightened again on Wednesday. The leading German index rose by 0.54 percent to 15,812.13 points around noon. In contrast, the MDax of medium-sized stocks fell by 0.75 percent to 27,250.03 points. The eurozone leading index EuroStoxx 50 went up by 0.5 percent.
The day before, the Dax had initially risen to 16,011 points in early trading to a new high since January 2022. Then prices fell again.
On Wednesday, the attention on the market belonged to numerous quarterly reports before the interest rate decision by the US Federal Reserve should come into focus in the evening. After sharp increases since March 2022, the markets are now expecting interest rates to rise by just 0.25 percentage points.
In terms of companies with quarterly figures, Deutsche Post and the sports car manufacturer Porsche AG were the focus of attention in the Dax. The sluggish economy and a normalization of the freight business weighed on the logistics group at the beginning of the year. Results fell after a record 2022, but less significantly than analysts expected. Post shares initially gained significantly, but recently reduced growth to just 0.8 percent. Porsche AG fell by 1.4 percent.
One stockbroker described Lufthansa’s quarterly figures as mixed. The shares gave way by three and a half percent. The outlook has been maintained, although the airline expects lower costs for kerosene, the dealer said. Lufthansa shares had a strong run from October to early March, but have not progressed since then.