The Dax started trading on Thursday with little change. The high for the year on Tuesday at 15,706 points remains in sight. Support is coming again from the US, where the Wall Street stock market has largely recovered from the previous day’s losses. The tech-heavy Nasdaq exchanges even closed higher on Wednesday.

In early trading, the leading German index fell by 0.13 percent to 15,611.87 points. The MDax lost 0.74 percent to 28,600.22 points. The Eurozone leading index EuroStoxx 50 fell by 0.21 percent to 4279.63 points.

On Wednesday, on the second day of his appearance before Congress, US Federal Reserve Chairman Jerome Powell somewhat dampened concerns about key interest rates rising again more quickly. “We haven’t made a decision about the March session yet,” he said. His statements on Tuesday before the US Senate Banking Committee were still clearly interpreted in the direction of more significant interest rate hikes.