FRANKFURT (dpa-AFX)

-------------------------------------------------------------------------------

SHARES

-------------------------------------------------------------------------------

GERMANY: - ATTEMPT AT STABILIZATION - The correction in the Dax, which has been ongoing since Friday afternoon, is likely to come to a halt on Wednesday, at least for the time being. Broker IG valued the German leading index 0.1 percent higher at 18,256 points around two hours before the Xetra start. On Tuesday, the leading German index had slipped back below its 50-day line, falling well below its interim high from Friday lunchtime. The Dax had ended its recent recovery after the US labor market data on Friday afternoon just at the technical downward trend since the May record. No fresh momentum is coming from the United States. Technology stocks continued their record chase the previous evening. In the end, however, not much has remained of the significant price gains made in the meantime.

USA: - TREND - The US stock market was somewhat disillusioned on Tuesday. Both the broad-based S&P 500 and the technology indices Nasdaq 100 and Nasdaq Composite reached highs in the course of trading, as they had done at the beginning of the week. In the meantime, however, signs of fatigue are already evident, with the result that the most important indices closed little changed. In addition, Federal Reserve Chairman Jerome Powell's semi-annual address to the Senate provided little impetus. The S&P 500 rose by 0.07% to 5,576.98 points. The Nasdaq 100 rose by 0.07% to 20,453.02 points and the Nasdaq Composite gained 0.14% to 18,429.29 points. The Dow Jones Industrial weakened again and fell by 0.13 percent to 39,291.97 points. The leading index is still a good way off its record of over 40,000 points from May.

ASIA: - WEAKENING - Asia's most important stock markets failed to find a common direction on Wednesday. Inflation data from China failed to alleviate investors' concerns about a possible threat of deflation. The consumer price index for June showed an increase of 0.2 percent compared to the same month last year and thus only a slight rise in inflation. In Tokyo, the Nikkei 225 recently rose by 0.2 percent. The CSI 300, which includes the most important stocks on the Shanghai and Shenzhen stock exchanges, was recently down slightly, while the Hang Seng Index in Hong Kong rose moderately.

^

DAX 18236.19 -1.28%

XDAX 18241.75 -1.22%

EuroSTOXX 50 4903.62 -1.33%

Stoxx50 4473.29 -1.06%

DJIA 39291.97 -0.13%

S&P 500 5576.98 0.07%

NASDAQ 100 20453.02 0.07%

°

-------------------------------------------------------------------------------

BONDS / FOREIGN EXCHANGE / CRUDE OIL

-------------------------------------------------------------------------------

YIELDS:

^

Bund future 131.05 +0.03%

°

DEVISES:

^

Euro/USD 1.0819 0.05

USD/Yen 161.50 0.12

Euro/Yen 174.72 0.17

°

CRUDE OIL:

^

Brent 84.39 -0.27 USD

WTI 81.21 -0.20 USD

°

/mis