According to calculations by banks and brokers, the Dax will start trading higher on Thursday.

On Wednesday, it had lost around 0.3 percent to 18,067 points. Thursday will be dominated by the central banks. After the interest rate decision in China, the Bank of England and the Swiss National Bank (SNB) will follow suit. Inflation in the UK has fallen to the central bank's target of 2.0% after a long period of soaring. However, experts believe that the monetary authorities are likely to remain silent and leave the key interest rate at 5.25 percent. The SNB, on the other hand, is likely to loosen its monetary policy further following the unexpected first interest rate cut in March, according to the majority of economists. Two thirds - 22 out of 33 - of the economists and financial market experts surveyed by the Reuters news agency expect the central bank to cut the key interest rate by 0.25 percentage points to 1.25 percent for the second time in a row.

The Munich-based Ifo Institute also publishes its summer forecast for the German economy. In March, the forecast for gross domestic product growth in the current year was trimmed from 0.9% to 0.2%.

Closing prices in Europe

Share indices and

-futures on Wednesday

Dax 18,067.91

Dax future 18,126.00

EuroStoxx50 4,885.45

EuroStoxx50 future 4,886.00

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Closing prices of the status Change in

US indices Percent

Dow Jones No trading

Nasdaq No trading

S&P 500 No trading

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Asian indices at 07:00 Change in

Thursday clock percent

Nikkei 38,582.36 +0.0%

Shanghai 3,009.76 -0.3%

Hang Seng 18,339.12 -0.5%

(Report by Anika Ross. 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).)