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DAX PERFORMANCE-INDEX (^GDAXI)
| Previous close | 13,864.81 |
| Open | 13,855.85 |
| Volume | 0 |
| Day's range | 13,855.85 - 13,998.30 |
| 52-week range | 8,255.65 - 14,169.49 |
| Avg. volume | 71,646,522 |
- Reuters
Global equities rise as U.S. bond yield fears ease
A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher. Sales of new U.S. single-family homes increased more than expected in January as the median sale price rose 5.3% on a year-over-year basis, the latest data to show certain consumer prices are rising faster than expected. Crude oil rose more than 2% to fresh 13-month highs while gold prices struggled for traction as elevated Treasury yields eroded the allure of bullion as an inflation hedge.
- FX Empire
German 4th Quarter GDP Revisions Support the DAX30 and the EUR
German 4th Quarter GDP revisions support the EUR and the DAX. Economic uncertainty caps the market impact, however.
- Investing.com
European Stocks Mixed; Upbeat German Data Helps
European stock markets traded in a mixed fashion Wednesday, as traders digest stronger-than-expected German economic growth as well a swathe of corporate results. Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter of last year, a revision higher from an earlier estimate of 0.1% growth. On the flip side, AstraZeneca (NASDAQ:AZN) stock fell 1.4% after Reuters reported that the drugmaker has told the European Union it expects to deliver less than half the Covid-19 vaccines it was contracted to supply in the second quarter.
