US President Donald Trump's preliminary rejection of an imminent dismissal of US Federal Reserve Chairman Jerome Powell is likely to provide some relief and rising prices on Thursday.

Barely an hour before trading began on Wednesday, the X-Dax DE0008469008DE000A0C4CA0DE0008469008DE000A0C4CA0 signaled a gain of just over one percent to 24,268 points for the German leading index. The Eurozone leading index, the EuroStoxx 50 EU0009658145, is also expected to be stronger.

"No, we have no plans," Trump said on Wednesday when asked whether he wanted to fire Fed Chairman Powell. Media had previously reported that Trump intended to remove Powell from office soon. However, Powell has long been a thorn in the US president's side. Trump repeatedly calls for low interest rates, ignoring the inflation risks posed by his own tariff policy. Powell, on the other hand, favors prudent monetary policy.

If Trump were to fire the Fed chairman, it would be a "historic earthquake," according to market expert Stephen Innes of SPI Asset Management. Innes spoke of a real theater, with the stock markets flirting with panic during the performance of the "Powell out, rate cuts in" play. Ultimately, once again, it was not the truth but pure possibility that briefly took over.

Good order numbers from the Swiss industrial group ABB CH0012221716 could also boost shares of Siemens DE0007236101. In premarket trading on Tradegate, Siemens gained a good two percent.

In the second tier, shares of Gerresheimer DE000A0LD6E6 lost almost seven percent. The manufacturer of specialty packaging terminated talks with financial investors regarding a takeover offer. In the company's view, continuing the talks would not be in the best interest of the company and its shareholders, Gerresheimer announced the previous evening.

In addition, stocks from the chip and AI industries are once again worth a look. Taiwanese chip contract manufacturer TSMC exceeded earnings expectations in the second quarter.