The DAX is set to open Wednesday's trading session with gains, according to developments in the futures markets.

On Tuesday, Germany's leading index closed half a percent higher at 23,710.86 points. Following Monday's sell-off, stock markets on both sides of the Atlantic embarked on a recovery path. Experts pointed in part to renewed hopes for a peace agreement in the Ukraine war.

Talks between U.S. envoys and Russian President Vladimir Putin in Moscow ended without concrete results. On Wednesday, the 32 NATO foreign ministers are set to meet for discussions centered around the peace plan. Investors are also keeping an eye on monetary policy: ECB President Christine Lagarde will be answering questions before the Economic and Monetary Affairs Committee of the European Parliament. Also midweek, EU Industry Commissioner Stéphane Séjourné is expected to present a package aimed at reducing the Union's dependence on China for critical raw materials. Additionally, the European Commission will unveil a proposal under which the securities and markets regulator ESMA would gain direct oversight of the EU's largest financial companies.

Domestically, Deutsche Börse is conducting its final review of the year regarding the composition of its stock indices. No changes are expected for the leading DAX index. Recent market entrants TKMS, Aumovio, and Ottobock are likely to be included in the MDAX and SDAX.

In the United States, investors are awaiting the quarterly results from Salesforce, a rival to SAP.

Closing prices of European As of  

stock indices and

-Futures on Tuesday

DAX 23,710.86    

EuroStoxx50 5,686.17    

EuroStoxx50-Future 5,695.00    

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Closing prices of As of Change in

US indices on Tuesday percent

Dow Jones 47,474.46   +0.4%  

Nasdaq 

S&P 500  6,829.37   +0.2%  

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Asian indices on Prices at 07:00 Change in

Wednesday CET percent

Nikkei  50,038.66   +1.5%  

Shanghai 3,878.19   -0.5%  

Hang Seng 25,758.60   -1.3%  

(Reporting by Sanne Schimanski, edited by Christian Götz. For queries, contact our newsroom at berlin.newsroom@thomsonreuters.com (for politics and economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).