According to calculations by banks and brokerage houses, the DAX will start trading on Wednesday with gains.

The focus will be on the performance of Volkswagen shares after the Wolfsburg-based group announced investments in a car software joint venture with the US electric car manufacturer Rivian. Reduced targets at Airbus and another study flop at Merck had dampened the mood on the European stock markets the previous day and caused the leading German index to fall by 0.8 percent to 18,178 points.

In the morning, investors will focus on survey data on German consumer sentiment in July. Experts surveyed by Reuters expect consumer sentiment to brighten further. According to the GfK and the Nuremberg Institute for Market Decisions (NIM), it has recently been better than it has been for two years. However, many experts point out that consumers are still unsettled and are only gradually beginning to dare to spend more again. During the course of the day, stock market participants will also be keeping an eye on the speeches of a number of ECB representatives at a conference of the Finnish central bank.

In the evening, the Federal Reserve's bank supervisors will publish the results of the annual stress test of the major US banks. This time, 32 institutions were subjected to the regular stress test. These include the Wall Street financial giants JP Morgan, Citigroup, Bank of America and Morgan Stanley. Analysts expect all financial institutions to have capital in excess of the minimum regulatory requirements.

European closing prices

Share indices and

-futures on Tuesday

Dax 18,177.62

Dax future 18,409.00

EuroStoxx50 4,935.97

EuroStoxx50 future 4,971.00

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Closing prices of the status Change in

US indices on Tuesday Percent

Dow Jones 39,112.16 -0.8%

Nasdaq 17,717.65 +1.3%

S&P 500 5,469.30 +0.4%

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Asian indices at 07:00 Change in

Wednesday Clock Percent

Nikkei 39,635.85 +1.2%

Shanghai 2,940.59 -0.3%

Hang Seng 18,063.16 -0.0%

(Report by Stefanie Geiger, edited by . If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)