FRANKFURT (dpa-AFX)

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SHARES

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GERMANY: - MODERATE GAINS EXPECTED - The restrained recovery of the German stock market is likely to continue in the middle of the week. However, large price jumps are not to be expected shortly before the Fed meeting. Broker IG calculated that the Dax was moderately up at 18,450 points on Wednesday, a good two hours before the Xetra opening. The results of the Fed meeting are not on the agenda until after the close of trading here in Germany, and a rate cut is not expected at this stage. However, the central bankers are likely to convey to the markets that the Fed is about to cut interest rates for the first time in the current cycle, predicts Matthew Ryan, strategist at the financial institution Ebury. However, a rate cut in September is "already more than fully priced in" on the markets. Meanwhile, there are conflicting signals from the quarterly results in the USA. While Microsoft disappointed the previous evening with its growth in the cloud business, semiconductor company AMD impressed with its business in chips for artificial intelligence. Microsoft shares fell by 2.6 percent, while AMD shares rose by 7.6 percent. In Germany, Siemens Healthineers, Fresenius, Adidas and Lufthansa, among others, had a look at their books.

USA: - WEAKENING - The most important US stock indices moved in different directions ahead of the Fed's interest rate statements expected on Wednesday and further quarterly reports from tech giants. Data on consumer confidence from the Conference Board, on the other hand, hardly moved the markets on Tuesday, even though sentiment in July was slightly better than expected. The Dow Jones Industrial ultimately rose by 0.50 percent to 40,743.33 points. By contrast, the broad-based S&P 500 lost 0.50 percent to 5,436.44 points. The technology index Nasdaq 100 fell by 1.38 percent to 18,796.27 points.

ASIA: - GAINS - Asian stock markets rose on Wednesday. Japan's leading index, the Nikkei 225, recently rose by 0.1 percent. The CSI 300 with the 300 most important shares of the Chinese mainland stock exchanges gained a good two percent, as did the tech-heavy Hang Seng Index of the Hong Kong Special Administrative Region.

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DAX 18411.18 0.49%

XDAX 18418.12 0.36%

EuroSTOXX 50 4841.00 0.53%

Stoxx50 4441.05 0.25%

DJIA 40743.33 0.50%

S&P 500 5436.44 -0.50%

NASDAQ 100 18796.27 -1.38%

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BONDS / FOREIGN EXCHANGE / CRUDE OIL

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YIELDS:

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Bund future 133.48 +0.04%

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DEVISES:

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Euro/USD 1.0825 0.09%

USD/Yen 152.72 -0.02%

Euro/Yen 165.31 0.06%

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CRUDE OIL:

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Brent 79.70 +1.07 USD

WTI 76.01 +1.28 USD

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/mis