FRANKFURT (dpa-AFX Broker) - The agreement of the traffic light coalition on a federal budget for 2024 is not to the taste of all investors on Wednesday. This is because tough austerity decisions are expected for financing. The Greens, for example, are calling for a reduction in climate-damaging subsidies, which are likely to include airline kerosene. However, Vice-Chancellor Robert Habeck also spoke of a premature phasing out of subsidies for electric cars and painful cuts for the solar industry.

Shares in solar supplier Wacker Chemie slipped to a low for the year at midday. SMA Solar, a manufacturer of inverters, slipped from its tentative recovery trend back to its lowest level and Lufthansa shares also lost ground./ag/stk