The DAX is set to open Wednesday's trading session with losses, according to futures market trends.
On Tuesday, Germany's benchmark index closed down 1.1 percent at 23,434.65 points. Persistent tensions between Iran and Israel continued to weigh on global markets, with investors particularly unsettled by another spike in oil prices.
The main focus on Wednesday will be the interest rate decision from the U.S. Federal Reserve. Despite ongoing criticism from the White House, Fed Chair Jerome Powell and his colleagues are expected to keep rate cuts on hold for now. The key policy rate is likely to remain in the 4.25 to 4.50 percent range, where it has stood since December 2024--much to the frustration of U.S. President Donald Trump, who has been pushing for a significant reduction.
On the economic data front, market participants will be watching for the final inflation figures for the eurozone in May. On the corporate calendar, Delivery Hero's annual general meeting is among the highlights.
Closing prices of European stock indices and futures on Tuesday:
DAX: 23,434.65
EuroStoxx50: 5,288.68
EuroStoxx50 Future: 5,288.00
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Closing prices of U.S. indices on Tuesday (change in percent):
Dow Jones: 42,215.80 -0.7%
Nasdaq:
S&P 500: 5,982.72 -0.8%
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Asian indices as of 07:00 (change in percent):
Nikkei: 38,812.69 +0.7%
Shanghai: 3,380.77 -0.2%
Hang Seng: 23,697.63 -1.2%
(Reporting by Zuzanna Szymanska, edited by Philipp Krach. For questions, contact our newsroom at berlin.newsroom@thomsonreuters.com (for politics and economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).
