Amid a flood of corporate earnings and ahead of the US interest rate decision, investors on the German stock market are expected to remain on the sidelines initially. According to calculations by banks and brokerages, the Dax is set to open little changed on Wednesday. Stalled peace efforts in the Iran conflict and rising oil prices continue to weigh on equity markets: the Dax closed 0.3 percent lower at 24,018 points on Tuesday.

Given the as-yet unpredictable consequences of the oil price shock, the US Federal Reserve is widely expected to maintain its interest rate pause. In the decision due after the European market close, experts anticipate that rates will remain in the 3.50 to 3.75 percent range. Investors are also monitoring German inflation data: expensive energy resulting from the Iran conflict is likely to have pushed the rate even higher in April. According to analyst estimates, goods and services prices rose by 3.0 percent compared to the same month last year. In March, the inflation rate had climbed to 2.7 percent.

Furthermore, numerous corporate results were on the domestic agenda, including Mercedes-Benz and Deutsche Bank. Investors also turned their attention to quarterly figures from US tech giants Microsoft, Alphabet, Amazon, and Meta Platforms, which are expected later today.

Closing levels of European Level  

Stock Indices and

Futures on Tuesday

Dax 24,018.26    

EuroStoxx50 5,836.10    

EuroStoxx50-Future 5,796.00    

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Closing levels of Level Change in

US Indices on Tuesday Percent

Dow Jones 49,141.93   -0.0%  

Nasdaq 

S&P 500  7,138.80   -0.5%  

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Asian Indices on Prices at 07:00 Change in

Wednesday CET Percent

Nikkei  No Trading  

Shanghai 4,094.80   +0.4%  

Hang Seng 26,010.62   +1.3%  

(Report by Anika Ross, edited by Christian Götz. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)