German stocks rise in DAX

The DAX rose 0.5% and traded near the 18500 level on Wednesday. Traders remain cheerful ahead of tomorrow's monetary policy decision, when the ECB will cut interest rates for the first time since 2016.

Also, there is room for the Fed to cut interest rates by the end of this year, and the fact that the view that there is a possibility that the first rate cut will be implemented in September has strengthened with recent US data also supported positive sentiment.

On the data side, both Germany's overall and service PMIs were slightly revised upward.

In terms of corporate performance, Bayer (2.4%), Daimler (1.9%), Zaland (1.6%), and Deutsche Telekom (1.5%) occupied the top positions, while Deutsche Bank and Commerzbank fell by about 1%, making it the biggest negative.