Market report: DAX seen slightly higher

The stock markets currently have to juggle a lot of balls: If one stress factor fades into the background, the next one emerges. So far, the markets have coped with these burdens quite well, which is not least due to the solid corporate profits.

At the moment, investors are primarily hoping that a strong reporting season could push concerns about high oil prices and rising bond yields into the background. "Many investors are relieved that markets may now be looking more at corporate earnings and less at the bond market, persistently high oil prices and high interest rates," said Jake Dollarhide, head of asset management company Longbow Asset Management.

So far, however, that hasn't really worked. On Tuesday, four major American banks opened the series of figures with their quarterly balance sheets. Two of them, Goldman Sachs and Citigroup, were able to beat high earnings expectations. Nevertheless, their shares on Wall Street also fell into the red.

In the end, the Dow Jones lost 0.4 percent and the Nasdaq technology index lost a moderate 0.2 percent.

After all, Apple shares reached a new record high and supported technology stocks.

On the markets in Asia, AI stocks are also currently recovering from their recent sell-off. The Japanese Nikkei gains 0.8 percent and the South Korean Kospi index over one percent.

The chip manufacturers Samsung Electronics and SK Hynix are in particular demand there again.

If this recovery trend continues, the DAX could also start the day slightly higher. The broker IG Markets estimated the German leading index to be up 0.33 percent a good two hours before the start of Xetra trading. On Tuesday, after a strong start, the DAX drifted slightly into the red to 25,259 points.

The most important economic date of the day is the inflation data in the USA at 2:30 p.m., which promises further information about the interest rate of the Federal Reserve (Fed). Market participants currently expect by a clear majority that the Fed will not change its key interest rate at its next meeting on October 28th.

Oil prices are also likely to influence daily events. Early this morning, Brent North Sea oil was trading slightly higher at $106.35 per barrel.