On Wednesday, German equities showed an upward trend, buoyed by easing bond yields and an unexpected decline in British inflation figures. Market participants are concentrating on quarterly earnings while also anticipating U.S. consumer price inflation data for further insights on potential Federal Reserve interest rate changes.
The DAX 30 index, which reached 20,379.83, was recently up by 95.14 points or 0.47%, standing at 20,356.55.
Continental's shares are experiencing a nearly 3% increase. Similarly, BASF and Deutsche Post are gaining 2.1% and 2%, respectively. Siemens Energy, Vonovia, Commerzbank, Fresenius Medical Care, Bayer, Brenntag, Deutsche Telekom, and RWE are also seeing gains ranging from 1% to 1.6%.
Nordex, a wind turbine manufacturer, reports an over 2.5% rise in its share value following the company's announcement of a significant increase in order intake last year, totaling 8.34 GW, up from 7.36 GW in 2023.
Conversely, Sartorius is down 1.7%, and Beiersdorf has decreased by 1.2%, with Henkel and MTU Aero Engines also experiencing modest declines.
The yield on Germany's 10-year bond fell to 2.598% today but rebounded slightly to 2.619%, remaining marginally below the previous close.
According to Destatis, Germany's wholesale prices rose for the first time in twenty months in December, with a year-on-year increase of 0.1%, counteracting a 0.6% drop recorded in November.
In the UK, consumer price inflation unexpectedly moderated in December, as reported by the Office for National Statistics. The consumer price index showed an annual rise of 2.5% in December, below the 2.6% increase observed in November. Expectations had suggested the rate would remain unchanged at 2.6%.
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