After a two-day recovery rally, the Dax takes a breather on Wednesday. Around noon, the leading German index lost 1.00 percent to 12,543.30 points. The MDax for medium-sized companies fell by 1.47 percent to 23,153.42 points. The leading eurozone index, the EuroStoxx 50, fell by 1.1 percent. Traders spoke of profit-taking.
For the Dax, DZ Bank has now lowered its forecast at the end of the year to 12,800 points, but is again significantly more optimistic for mid-2023 with a forecast of 14,000 points. According to analyst Sven Streibel, the stock market should once again focus on the upcoming upswing in the first half of 2023.
The titles of the chip group Infineon, as a Dax top value, increased their previous day's plus by 2.4 percent in the middle of the week. Market observers referred to optimistic statements by the group from a conference call. At the bottom of the leading German index were the shares of the automotive supplier Continental with minus 6.3 percent.