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After opening slightly higher and moving further up subsequently, the German market briefly fell into negative territory Wednesday morning before emerging above the flat line in cautious trade. <\/p>\n
Investors are assessing the likely move of the Federal Reserve with regard to interest rate cuts, in addition to monitoring the developments on the trade and political fronts.<\/p>\n
The benchmark DAX was up 56.16 points or 0.23% at 24,288.04 about half an hour past noon. <\/p>\n
BASF is gaining 2.3% thanks to Citigroup giving a “buy” rating to the stock. Infineon Technologies is rising 1.75%, buoyed by semiconductor major ASML’s strong third-quarter sales numbers, and encouraging fourth-quarter guidance. <\/p>\n
Merck is up 1.75%. Beiersdorf is gaining nearly 1.5%. Siemens, Benntag, Commerzbank, Siemens Healthineers, Symirse and Munich RE are up with moderate gains.<\/p>\n
Rheinmetall is down more than 2%. Fresenius Medical Care, Scout24 and Deutsche Boerse are down 1.4 to 1.6%, while Zalando is declining nearly 1%.<\/p>\n
In economic news, data from Eurostat showed Eurozone industrial production slipped 1.2% month-over-month in August, reversing an upwardly revised 0.5% gain in July. On an annual basis, Eurozone industrial production growth slowed to 1.1% in August from 2.0% in July. <\/p>\n<\/p>\n<\/div>\n