The violent fluctuations on the stock markets continue.

After the leading German index Dax slipped below the 12,600 point mark at times on Tuesday, it fought its way back up to over 13,600 points by late afternoon on Wednesday.

The selected index from the euro zone, Euro Stoxx 50, also increased by a good 6 percent.

For both indices, these were the highest price jumps in several years.

Above all, signs of relaxation from the Ukraine and the subsequent recovery in oil prices evidently attracted many investors back to the stock exchanges.

There was also good company news.

Tim Kanning

Editor in Business.

  • Follow I follow

The upward trend on the German stock exchange intensified again in the afternoon when the American stock markets also opened with strong gains.

The Dow Jones index of standard values ​​rose by around 2 percent in early American trading.

However, nobody on the stock market wanted to talk about a trend reversal.

Just a few days ago, the European stock exchanges officially entered the "bear market" - this is when prices have fallen by 20 percent from the most recent price high.

On Wednesday, there was talk of a "bear market rally" on the stock exchange, i.e. a temporary recovery in a longer-lasting downward trend.

Adidas stock jumps 14 percent

On Wednesday, the focus was primarily on the companies that presented business figures.

In some cases, the increase in price was even more pronounced.

With growth of more than 14 percent in the meantime, the Adidas stocks took the lead among the individual stocks in the Dax;

the last time the share price had risen so much in one day was more than 13 years ago.

Although the sporting goods manufacturer reported a rather weak last quarter, the outlook was more optimistic than analysts had expected.

That also helped the stocks of competitors like Puma, Nike and Under Armour.

With Porsche, Volkswagen, BASF and Deutsche Post, a whole series of Dax values ​​were able to jump in price by 10 percent.

Several shares among the second-line stocks in the M-Dax also gained more than 10 percent, including those of the specialty chemicals group Lanxess, Deutsche Lufthansa and the energy company Uniper, which is closely linked to Russia.

Overall, the M-Dax increased by more than 5 percent.

Bank stocks are rising again

Since Russia's attack on Ukraine, the war and the economic sanctions that followed have also shaken up the financial markets.

Since then, the banks have been among the biggest losers, for a variety of reasons: on the one hand, they would feel a weakening of the overall economy in their loan books, they are also dependent on functioning payment transactions and, thirdly, they would suffer if the central banks were to suspend the expected turnaround in interest rates in the wake of the war .

The signs of relaxation on Wednesday therefore also drove the share prices of the banks: Deutsche Bank rose by 6 percent and Commerzbank by 9 percent.

The Deutsche Pfandbriefbank even went up by almost 17 percent after pleasing business figures.

Bank shareholders in particular are likely to be eagerly awaiting

Among the biggest losers on Wednesday were the biggest gainers of the past two weeks: namely defense companies and renewable energy producers.

The tank manufacturer Rheinmetall was the weakest value in the M-Dax with a minus of almost 6 percent.

Shares from Hensoldt, a maker of fighter jet technology, also fell 6 percent.

Investors also withdrew their money from companies that would benefit from an accelerated energy transition: SMA Solar fell 6 percent, and wind turbine manufacturer Nordex also lost around 6 percent.

Both companies had to report delivery bottlenecks and had thus reduced the interim euphoria of investors again.