The benchmark DAX, which reached 23,476.41 earlier in the session, has decreased by 7.56 points or 0.03%, currently standing at 23,316.91. Following a strong opening and maintaining a positive trajectory until mid-morning, the German market experienced a decline, dipping slightly just after noon on Wednesday. This shift occurred as investors turned their attention to the Federal Reserve’s interest rate decision, scheduled for later in the day.

The expectation is that the Fed will reduce interest rates by 25 basis points. Market participants are currently analyzing the inflation data from the Eurozone. SAP is experiencing an increase of approximately 2.7% following Jefferies’ decision to uphold a ‘buy’ rating for the stock.

• Rheinmetall is experiencing an increase of 1.8%.
• Fresenius Medical Care has increased by approximately 1.5%.
• RWE, MTU Aero Engines, and Merck have risen by 1 to 1.2%.
• Symrise, Volkswagen, Mercedes-Benz, Commerzbank, Siemens Healthineers,
  Zalando, Siemens, BASF, and Deutsche Bank have experienced declines
  ranging from 0.6% to 1.2%.

German wind turbine manufacturer Nordex experienced a 2.7 percent increase following the receipt of its inaugural order from Ecuador. Final data from Eurostat indicated that Eurozone consumer prices increased slightly less than previously estimated in August. Consumer prices increased by 2% year-on-year, remaining consistent with the rate observed in July. However, the figure was adjusted downward from the 2.1% projected on September 2.

Excluding the prices of energy, food, alcohol, and tobacco, core inflation held steady at 2.3%. The rate was consistent with the preliminary estimate. The harmonized index of consumer prices recorded a monthly increase of 0.1%, revised down from the previously estimated 0.2%. Additionally, the data indicated that inflation in the EU27 remained stable at 2.4% in August.