Despite coming off early lows, the German market remained in negative territory a little before noon on Wednesday, weighed down by sharp losses in auto stocks.
The mood in the market remained cautious with investors looking ahead to the U.S. Federal Reserve's monetary policy announcement due later in the day, and the signing of a Iran peace deal in Switzerland later this week.
The benchmark DAX was down 37.73 points or 0.16% at 24,876.91 about half an hour before noon, after having dropped to 24,760.72 earlier.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.