On the German stock market, the Dax and other indices went into reverse again on Wednesday. The leading index Dax lost 0.7 percent to 14,396 points around noon. This means that part of the gains from the previous day have melted away again. Investors apparently do not want to take any more risks before the US Federal Reserve's interest rate decision in the evening.

Most analysts expect interest rates to rise by 0.50 percentage points. This would allow the Fed to ease its recently more aggressive monetary policy stance to curb inflation with several interest rate hikes of 0.75 percentage points.

The MDax fell by a good one percent to 25,735 points on Wednesday afternoon. The Eurozone leading index EuroStoxx 50 fell like the Dax by 0.7 percent.