Dax and the current stock exchange: Seven points that are important for investors today
The DAX is treading water. Mixed US bank balance sheets provide no stimulus. On Wednesday, investors will be looking at US inflation, banking figures and China's economic data.
Price table of the Frankfurt Stock Exchange. Photo: Handelsblatt
Dusseldorf. The German stock market stalled on Tuesday. Even a falling oil price and falling returns on the capital markets ultimately failed to lure investors out of their reserves. A first wave of quarterly balance sheets in the USA, led by the country's major banks, were mixed and did not drive prices here. The Dax ended trading barely changed at 25,260 points.
The trend did not continue early Wednesday morning. On over-the-counter trading platforms, the Dax is trading in positive territory before the trading session.
The DAX could be moved on Wednesday primarily by US inflation data and the quarterly figures of large US banks. China's trade balance and consumer prices should also provide investors with information about the global economy and demand for German exports.
1 – Stock exchanges in New York: Dow Jones, S&P 500 and Nasdaq
The US stock exchanges were mixed during trading on Tuesday. The selloff in chip stocks continued for another day, putting pressure on stock markets. The focus of investors was the start of the accounting season.
The Dow Jones standard shares lost 0.3 percent to 51,670 points.
The more widely diversified S&P 500 closed slightly lower at 7,805 points.
The Nasdaq technology exchange fell 0.2 percent to 27,204 points.
The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, was down 0.3 percent at 30,569 points.
2 – Stock exchanges in Asia
The Asian stock exchanges initially rose slightly on Wednesday. AI stocks have recovered after a sell-off, but high oil prices and caution ahead of US inflation data expected later in the day have dampened the rise.
MSCI's broad index of Asia-Pacific stocks excluding Japan rose 0.6 percent.
The Japanese Nikkei was one percent higher.
The South Korean Kospi gained 1.3 percent.
3 – China’s economy
In China, the National Statistics Office publishes several economic data. These include consumer prices and the trade balance. What is relevant for Germany is how imports and exports have developed.
4 – Quarterly figures
In the USA, the next US banks will present their quarterly figures. JP Morgan and Goldman Sachs, among others, started on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Due to their macroeconomic connections, the banks' figures serve as a pacesetter for the entire reporting season.
5 – US Inflation
The inflation figures in the USA will be published at 2:30 p.m. German time. Economists expect that the annual inflation rate rose from 3.4 to 3.6 percent in September. The US Federal Reserve's target is two percent. The data could shift interest rate expectations in the market.
6 – Beige Book
The US Federal Reserve Bank will present its Beige Book at 8 p.m. German time. This is a current economic report that is published eight times a year. It can allow conclusions to be drawn about future interest rate policy.
7 – Central banker speeches
Various central bankers appear throughout the day. These include Christine Lagarde, head of the European Central Bank, and Fed Governor Michelle Bowman.
Appointments company
6:30 a.m., Switzerland: Lonza, Q3 sales
07:00 a.m., Netherlands: ASML, Q3 figures
07:00 a.m., Netherlands: ABN Amro, Pre-Close Note Q3/265
10:00 a.m., Netherlands: Redcare Pharmacy, extraordinary general meeting to appoint the new CEO Peter Schmid
12:00 p.m., USA: Blackrock, Q3 numbers
12:45 p.m., USA: Bank of America, Q3 figures
1:30 p.m., USA: State Street, Q3 numbers
1:30 p.m., USA: Morgan Stanley, Q3 figures
6:00 p.m., Germany: Schaeffler, pre-close call Q3/26
Netherlands: Airbus, pre-close call Q3/26
USA: Accenture, Investor Day
Dates economic situation
overnight, China: trade balance 9/26
03:30 a.m., China: Producer and consumer prices 9/26
04:00 a.m., Thailand: IMF Annual Meeting, Fiscal Monitor release
8:00 a.m., Germany: Producer prices for agricultural products 8/26
8:00 a.m., Germany: Wholesale prices 9/26
09:00, Spain: Consumer Prices 9/26 (2nd publication)
2:30 p.m., USA: Real income 9/26
2:30 p.m., USA: Consumer Prices 9/26
8:00 p.m., USA: Fed Beige Book
Related topics
USAGermanyChinaDaxFedBank of America
Other
Germany: Bundestag with government declaration by Chancellor Friedrich Merz
2:05 p.m., Germany: Government statement by Chancellor Friedrich Merz on the European Council
Germany: Estimators for statutory health insurance want to publish financial forecasts for 2027
2:00 p.m., Germany: International ADFC Symposium
2:00 p.m., Germany: Annual meeting 2026 of the Federal Association of Public Inland Ports (BÖB) with, among others, Transport Minister Nicole Razavi (CDU)
With agency material.
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