Dax aktuell: Dax verliert zunächst nicht weiter – Gebrauchtwagen-Aktie steigt

On Thursday, the Dax began trading at 25,874 points, bouncing back from three consecutive loss days to sit just below the 26,000-point mark. The German benchmark index closed 0.5 percent lower at 25,839 points on Wednesday, marking its lowest level since late July. September has historically been a poor month for the stock market, and rising oil prices, inflation fears, and looming interest rate hikes weighed on prices.

Over the past three trading days, the Dax has fallen about 3 percent. The bond market remained under pressure. Investors are primarily looking ahead to the economic outlook, with four economic research institutes presenting their autumn forecasts in Germany. The predictions from the DIW and the Bundesbank suggest that the German economy may grow more strongly this year than previously expected.

Data on purchasing managers' indices for the services sector in the Eurozone and the United States, as well as European producer prices for July, will also be released. U.S. investors are also waiting for the July trade deficit and the weekly initial claims for unemployment benefits. German machinery manufacturers are benefiting from foreign business.

The Verband der deutschen Maschinenbauer reported that companies received more orders in July due to foreign business growth, with total orders up 2 percent. While foreign business grew by 4 percent, domestic orders fell by 3 percent. "Germany is investing far too little," said VDMA Chief Economist Johannes Gernandt, noting that the federal government has not consistently implemented the announced reforms to strengthen Germany's position.

Brent crude oil, a North Sea crude, stagnated at $95.68 per barrel (159 liters) for November delivery. U.S. oil WTI for October delivery rose 0.3 percent to $91.24. Brent and U.S. oil prices rose by roughly six and nine percent on a weekly basis. Tensions remain amid the recent conflict between the U.S. and Iran. "If this war were to be won, it would certainly be a very positive development to bring returns back down broadly," said Gavin Friend, senior market strategist at Bank NAB, in a podcast.

"This would ease tensions as central banks could return to normal monetary policy considerations after some time." Key individual stocks: Deutsche Telekom, with the possible entry of activist investor Elliott, gained about 2 percent. Delivery Hero recommended its shareholders accept Uber's takeover offer, with the acquisition price deemed "reasonable and fair."

The shares rose 0.5 percent. Flatexdegiro saw a lift in its price due to an upgrade from Morgan Stanley, which now recommends buying the shares. Auto1's shares rose more than 5 percent in the MDax after receiving a positive analyst comment from Goldman Sachs. The shares are also benefiting from G20 confidence.