The DAX exhibited a lackluster opening on Wednesday morning, subsequently declining further as investors adopted a cautious stance in anticipation of the Federal Reserve’s forthcoming monetary policy announcement and the remarks of Fed Chair Jerome Powell following the meeting. Investors responded to the recent statements made by officials from the European Central Bank, indicating that the institution will adopt a pragmatic, wait-and-see approach concerning its policy stance.

• Rheinmetall experienced a decline of 3.3%.
• Siemens Healthineers experienced a decline of 2.1%, while Deutsche Boerse saw a decrease of 1.6%.
• Heidelberg Materials, SAP, Siemens, Zalando, Munich RE, RWE, Symrise, and Deutsche Bank experienced declines ranging from 0.6% to 1.1%.
• Siemens Energy experienced an increase of 4.75%, supported by a positive revenue outlook from its US counterpart, GE Vernova.

The Federal Reserve is anticipated to reduce the interest rate by 25 basis points. The statement from the central bank is being scrutinized for indications regarding its future approach to monetary easing. The DAX experienced a decline of 122.32 points, reflecting a decrease of 0.51%, settling at 24,049.97 approximately thirty minutes prior to noon. Beiersdorf, Henkel, Fresenius, Fresenius Medical Care, E.ON, and Deutsche Post recorded slight increases.