FRANKFURT (dpa-AFX) - Germany's leading index, the Dax, continued its record-breaking streak on Wednesday after jumping above the 20,000-point mark the previous day. The broker IG assessed the German leading index slightly higher in the morning: Two hours before the Xetra start, the index was off to a 0.1 percent higher start at 20,046 points. However, there is little willingness to reposition after the jump over the next thousand mark.

The market's directional cues are not really helping it to find a new direction: According to Commerzbank, only consolidation was the order of the day on the tone-setting US stock exchanges in sideways trading. In Asia, the trend was also mixed, although the Seoul stock exchange fell negatively there due to political unrest triggered by a dispute over a draft budget for the coming year. Investors there reacted nervously to the temporary imposition of martial law by President Yoon Suk Yeol. Meanwhile in Europe, the political situation in France also remains uncertain.

SAP shares could become a DAX mainstay if investors here follow the joy over the results of US competitor Salesforce. Its share price had risen by more than ten percent outside of trading as the software company became even more optimistic for the year as a whole following growth in the third quarter. SAP is by far the largest heavyweight in the DAX. The market capitalization of the Walldorf-based company is gradually approaching the 300 billion euro mark./tih/jha/