For the time being, the Dax will not make any further gains at its high price level. On Wednesday, the leading German index also faced headwinds from overseas stock exchanges. Around noon, there was a minus of 0.49 percent compared to the previous day's closing price to 14,272.43 points. The Dax is thus heading for the third day of losses in a row after reaching its highest level since June on Friday at 14,584 points.

The fact that local industrial production fell less than expected in October compared to the previous month and rose more strongly in September than initially reported did not help the Dax. The MDax of medium-sized German stocks fell by 0.78 percent to 25,427.32 points on Wednesday. The Eurozone leading index EuroStoxx 50 fell by 0.46 percent to 3921.09 points.

On the US stock exchanges, where it went down again on Tuesday due to concerns that interest rates would continue to spiral, there is a risk of a further decline. China and Hong Kong also fell as renewed easing of zero-Covid policies was overshadowed by weak Chinese foreign trade data.