German stocks were little changed on Wednesday as investors awaited key U.S. inflation data as well as fourth-quarter earnings from large U.S. banks this week for directional cues.
Meanwhile, soft indicators confirm the possibility of a technical recession in the euro area during the second half of 2023 and the future remains uncertain, European Central Bank Vice President Luis de Guindos said earlier today in a speech.
The benchmark DAX was marginally higher at 16,692 after declining 0.2 percent in the previous session.
The dollar was tad higher in currency markets while U.S. Treasury yields eased a few basis points.
In corporate news, wind turbine manufacturer Nordex SE was moving lower despite receiving orders for 197 MW from wind and solar park developer UKA.
DAX Little Changed As Recession Worries Weigh
2024-01-10 08:57:17
