The Dax is poised to open in positive territory on Wednesday, according to futures markets. On Tuesday, the German benchmark index closed 0.8 percent lower at 25,184.89 points. European equities were weighed down by renewed tensions between the U.S. and Iran. Conversely, on Wall Street, gains in tech stocks propelled the S&P 500 to a record high.

On Wednesday, the German Council of Economic Experts (the 'Wise Men') will publish their spring report for the federal government. Attention is also focused on Federal Economy Minister Katherina Reiche's visit to China. She is accompanied by a high-level delegation including BASF CEO Markus Kamieth, Thyssenkrupp CEO Miguel Lopez, and Siemens Energy board member Tim Holt. Discussions are expected to center on reducing raw material dependencies and ensuring fair competitive conditions.

Furthermore, Federal Defense Minister Boris Pistorius is attending the Cansec arms fair during his trip to Canada. The primary focus is likely to be the planned multi-billion dollar acquisition of up to twelve submarines (Canadian Patrol Submarine Project). Pistorius is lobbying for the German supplier TKMS.

The corporate agenda also features numerous Annual General Meetings, including those of CTS Eventim, LEG Immobilien, and Elmos Semiconductor. After the U.S. market close, investors will turn their attention to the financial results of SAP rival Salesforce.

Closing levels of European Level  

Equity Indices and

Futures on Tuesday

Dax 25,184.89    

EuroStoxx50 6,064.15    

EuroStoxx50 Future 6,073.00    

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Closing levels of Level Change in

U.S. Indices on Tuesday Percent

Dow Jones 50,461.68   -0.2%  

Nasdaq 

S&P 500  7,519.12   +0.6%  

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Asian Indices on Levels at 07:00 Change in

Wednesday CET Percent

Nikkei 

Shanghai 4,099.23   -1.1%  

Hang Seng 25,373.02   -0.9%  

(Reporting by Sanne Schimanski, edited by Christian Goetz. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and macroeconomics) or frankfurt.newsroom@thomsonreuters.com (for corporate and markets).)