FX.co ★ DAX Dips Ahead Of Nvidia's Earnings

German stocks experienced a downturn on Wednesday due to uncertainty regarding interest rates and caution before Nvidia's earnings announcement.

The DAX index fell by 57 points, or 0.3%, settling at 18,670, following a 0.2% decline on Tuesday.

Evotec's shares saw a 1.5% increase after the biotechnology firm reported mixed first-quarter results.

Despite a significant rebound in EU new car sales in April, automakers BMW, Mercedes-Benz, and Volkswagen saw their stocks fall by 1-2%.

New car registrations surged 13.7% year-over-year to 913,995 units in April, reversing a 5.2% decline in March. This positive shift is attributed to strong demand in key markets, particularly Spain and Germany, according to monthly data from the European Automobile Manufacturers' Association.

The ACEA noted that the growth was partially influenced by two additional sales days in April compared to the previous year, when Easter holidays reduced the number of sales days.