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DAX Rebounds Ahead Of ECB, BoE Meetings

German shares rebounded on Wednesday as investors shrugged off trade worries and looked ahead to meetings from the European Central Bank and Bank of England on Thursday for directional cues.

The benchmark DAX was up 58 points or 0.49 percent at 12,028 in opening deals after closing 0.1 percent lower on Tuesday.

Deutsche Bank edged up slightly while Commerzbank was a tad lower on reports that they are increasingly open to merge.

Wind turbines maker Nordex Group jumped 5 percent on winning big-ticket contracts from South Africa to install a total of 80 AW125/3150 turbines for the Garob and Copperton projects.

Utility E.ON tumbled 3.5 percent after Morgan Stanley analysts cut their target price on the stock.

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