Dax aktuell: Dax dreht ins Plus – SAP ist der größte Verlierer

On a midweek basis, investors are waiting for developments. The German Dax index concluded the day virtually unchanged at 26,286 points. On Tuesday, the benchmark had stood at 26,266 points, up 0.6 percent. Over the past seven trading days, there have been two winning days to five losing ones. This consolidation, according to Martin Utschneider from Robomarkets, is healthy.

"Both the long-term and medium-term uptrend remain intact, confirming the overall positive picture." This is also confirmed by a look at the 200-day line, which represents the average price over the past 200 days and indicates the long-term trend. Currently, it sits around 24,573 points. Market activity is currently driven by few transactions, with data from LSEG showing that fewer than 50 million shares were traded daily, except for one day, for the past two weeks.

Trading volume has been significantly lower than in the preceding weeks. Meanwhile, volatility in the Dax has been as low as it hasn't been in a long time. The VDax, a gauge for market nervousness, reflects the expected price swings that institutional investors anticipate in the German stock market over the next 30 days. A sharp rise in the index above its long-term average suggests increased stress in the markets.