The market continues to show no strong directional moves but presents itself overall friendly on Wednesday. The DAX is stable above the 25,000 point mark and currently records a slight gain of +0.13 %. The worse-than-expected GfK consumer climate (currently -24.9 points) has only little negative influence on the leading index. The US indices are behaving similarly and are slightly in positive territory pre-market. The focus today is clearly on Nvidia's after-hours quarterly figures. Here is a brief overview of the current situation.
Europe: DAX Holds 25,000 – GfK Disappoints, But Without Major Damage
The DAX continues to show itself robust and holds itself after yesterday's slight pullback again above the 25,000 point mark. The GfK consumer climate for March came in at -24.9 points worse than expected (forecast -23.5), indicating continued reluctance to buy among consumers. Nevertheless, the index remains stable – the slight recovery in automotive and technology stocks supports the development. The Euro Stoxx 50 is also slightly in the plus (+0.15 %). The European markets are waiting today for impulses from the USA, especially for the Nvidia numbers after the close on Wall Street.
USA Pre-Market Friendly – Nvidia in the Spotlight
The US futures point to a calm to slightly positive start: S&P 500 +0.12 %, Nasdaq +0.18 %, Dow Jones +0.08 %. The markets are digesting yesterday's mixed economic data and are focusing on Nvidia's after-hours quarterly figures (expected after 22:00 CET). Expectations are high: Analysts forecast sales growth of over 80 % compared to the previous year, driven by AI chip demand. A strong result could boost tech and Nasdaq stocks, while a disappointing result could exert pressure – especially on AI and semiconductor stocks.
Gold Stagnates Below 5,200 USD – Bitcoin Recovers Slightly
The gold price continues to fluctuate between 5,175 and 5,200 USD and has not yet been able to overcome the resistance at 5,200. The ongoing uncertainty around the tariff conflict with the USA and the mixed economic data keep gold stable as a safe haven, without generating new momentum. Bitcoin, on the other hand, shows a slight recovery: From the weekly low at 62,600 USD, it is currently just below 65,600 USD – a gain of around 1.5 % since yesterday evening. The mood in the crypto scene remains cautiously positive as long as no new regulatory news comes from the USA.
Conclusion
Wednesday begins calmly, but with a clear focus on the Nvidia figures after US market close. The DAX holds above 25,000, gold stagnates and Bitcoin recovers slightly. Traders should closely monitor the reaction to the Nvidia results – they could decisively influence the tech sector and thus also the Nasdaq. Until then, the market will probably remain in a waiting position.
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