FRANKFURT (dpa-AFX) - The choppy trend on the German stock market continued on Wednesday with a mixed opening. At mid-week, the Dax edged down 0.1 percent to 24,380 points in early trading. However, the MDax, which tracks medium-sized German companies, moved 0.3 percent higher to 31,421 points. The Eurozone benchmark EuroStoxx index also traded slightly in the green.
The Dax is struggling this week to make a sustained push toward the 25,000-point mark. Hopes for a de-escalation in the Iran conflict briefly drove the lead index as high as 24,690 points on Tuesday, before momentum faded following a weak start on Wall Street. The situation in the Middle East remains tense, which also led to weak cues from Asia on Wednesday.
Investors are now anxiously awaiting results from AI giant Nvidia, due after the US market close on Wednesday. 'If Nvidia disappoints, things could get uncomfortable,' said market expert Maximilian Wienke from broker Etoro. Nvidia is no longer just an ordinary company, but the central pacemaker of the global AI boom. A record high for the shares last week suggests that expectations are, as always, elevated./tih/stk
