DAX remains on standby before Powell's speech - Renk and Hensoldt benefit from bullish Citigroup study - Pfisterer significantly firmer after strong half-year results - WalMart under pressure after results!

Ahead of the highly anticipated speech by US Federal Reserve Chairman Jerome Powell, investors are understandably holding back from making larger commitments. After a weaker start to trading, however, the DAX managed to recover somewhat during the day, presenting a slight increase of +0.07% at midday. Stocks from the defense sector showed significant gains at the start of trading, supported by a positive industry study from Citigroup concerning Hensoldt and Renk. On the other hand, Südzucker (-1.17%) is under more pressure after the sugar manufacturer...