The Dax has followed Wall Street and has stabilized. The leading German index rose by 0.59 percent to 13,104.41 points. Shocked by the stubborn US inflation, the stock market barometer fell by up to 4.5 percent in two days from its recovery high of 13,564 points in the area of ​​the 100-day line. This describes the long-term development.

The MDax for medium-sized stocks increased by 0.44 percent to 24,907.32 points. The leading eurozone index, the EuroStoxx 50, rose by 0.5 percent.

On Wall Street, the Dow Jones Industrial recovered on Wednesday from a low since mid-July and turned positive. Technology stocks on the Nasdaq stock exchange recovered particularly significantly.

After the unexpectedly significant rise in prices for consumers, the weakening at the manufacturer level on the previous day helped to calm things down, according to the Swiss investment bank Credit Suisse. In the US, inflation at the manufacturer level had weakened more than expected, as was announced yesterday.

According to the current Bernecker market letter "Bernecker-Daily", "the fight to stabilize the markets against fears of a significant interest rate hike" continues. 30 percent of all actors in New York are betting on a rate hike of one percentage point at the next interest rate meeting of the US Federal Reserve on Wednesday. That was very rare.

Against this background, bank stocks were in demand across Europe and also in Germany, because higher interest rates usually improve the earnings prospects of financial institutions. Deutsche Bank's shares gained 2.7 percent at the top of the Dax. In the MDax, the shares of Commerzbank were ahead with an increase of 4.2 percent.

Among the biggest losers in the Dax, Munich Re shares fell by 0.3 percent. The papers suffered somewhat from a skeptical analyst comment. In order to justify the recent price increase, the reinsurer's property-casualty ratio would have to improve in the coming year, among other things, wrote the expert Will Hardcastle from the major Swiss bank UBS. But that is highly unlikely.

At the end of the MDax, Kion's shares lost more than 4 percent after their price slump of almost 30 percent in the middle of the week. In the meantime, they had dropped to a record low. The forklift manufacturer drastically lowered its business outlook on Wednesday.