Stock market report: Trump statements dampen the mood, oil prices fall

Statements by US President Donald Trump in a speech to the UN General Assembly clouded the mood on the stock markets. Previously, investors' hopes that the war in Iran would end soon had pushed the German leading index up by almost one percent. On Wall Street, the Dow Jones index fell slightly. The AI ​​euphoria, on the other hand, drove the US technology exchange Nasdaq to a record high for the second day in a row.

On Wednesday, investors will continue to look at developments in geopolitics, the economy and the technology industry. The general debate of the 81st General Assembly of the United Nations is entering its second day. The OECD presents its updated economic outlook. The focus of the economic data is on the purchasing managers' indices for the euro zone and the USA in September.

On the company side, representatives from leading AI companies inform the US Security Council about the risks of this technology. In Germany, the IG Metall union decides on its demand for the upcoming collective bargaining round in the metal and electrical industries.

After Saudi Arabia resumed operations on its east-west pipeline to the Red Sea, according to a report by the Reuters news agency, the price of oil continues to fall. The North Sea Brent variety for delivery in November fell by 1.4 percent to up to $97.91 per barrel (159 liters). The US variety WTI for delivery in November fell by two percent to $88.71.

Iraq is also increasing its oil exports, said Oil Minister Basim Mohammed on Tuesday. “The market is currently more positive about the global oil supply situation than it was a few weeks ago,” said Tim Waterer, analyst at KCM Trade.

Investors are also betting on a diplomatic solution to the war between the USA and Iran. Surprisingly increased US crude oil inventories are also putting pressure on prices.

KWS Saat: On Wednesday, KWS Saat presented its quarterly figures for the 2025/26 financial year. The seed manufacturer is listed in the SDax small value index, and the share price recently rose in line with the price development of agricultural raw materials. The falling annual figures have a negative impact on investors: the securities lose around seven percent.

Allianz: According to German insurers, the government coalition must continue the reform course in pension provision and stick to the line of the Pension Commission even after the state elections. The Pension Commission's viable concept must now be implemented, the General Association of the German Insurance Industry (GDV) announced on Wednesday at Insurance Day in Berlin. Allianz's shares rose by around 0.5 percent.

Siltronic: The partial withdrawal of the chemical company Wacker Chemie is causing problems for the former subsidiary Siltronic. The wafer manufacturer's shares fell by a good five percent on Tradegate after Wacker placed 2.2 million Siltronic shares for 171 million euros with institutional investors on Tuesday evening. As a result, the shareholding fell to just under 15 percent from the previous 21.67 percent, as the company announced. Wacker Chemie had already sold shares at the end of May. The shares are falling by around 2.7 percent.