FRANKFURT (dpa-AFX) - The Dax remained stable on Wednesday following its significant recovery in the previous session. Given Tuesday's preemptive gains, investors stayed on the sidelines as it remains unclear whether a further round of talks between the US and Iran will actually take place in the coming days. "As long as there is no permanent resolution to the conflict and the Strait of Hormuz is not freely navigable, there is no basis for a sustained market recovery," commented experts at Landesbank Helaba.
The German benchmark index ended the day up 0.09 percent at 24,066.70 points, maintaining its position well above the 24,000 mark. The MDax, the index for mid-cap companies, rose by 1.15 percent to 30,887.08 points. Elsewhere in Europe, losses were predominantly recorded.
According to unconfirmed media reports, another meeting between the US and Iran could follow as early as this Thursday. Although Pakistan's Prime Minister has currently traveled to other Muslim mediating nations for several days, Army Chief Asim Munir has meanwhile arrived in Tehran for talks. The Pakistani Field Marshal is considered one of the most influential mediators between the US and Iran.
The Eurozone's leading index, the EuroStoxx 50, lost 0.74 percent to 5,940.34 points at mid-week, while the leading indices in London and Zurich also faltered. In the US, the blue-chip Dow Jones Industrial edged lower at the European market close, while the tech-heavy Nasdaq 100 continued to approach its year-to-date high from late January and, consequently, its record high from late October./ck/he
