The German stock market barometer closed with a discount of 0.79 percent, to 17,954.48 points. The MDax of mid-sized stocks fell 0.88 percent to 26,703.18 points, and stock markets across Europe also weakened. The EuroStoxx 50, the main euro zone index, lost 0.68 percent to 4,966.68 points.

At the end of the day in Europe, the US stock markets recovered from the sometimes significant losses at the beginning of the day. The tech-heavy Nasdaq even found its way into positive territory.

Deutsche Telekom with dividend discount

In the afternoon, euro watchdogs initially left key interest rates unchanged and then – in the context of lower consumer prices – promised a rate cut. Inflation has continued to fall and most core inflation indicators are also declining, according to ECB President Christine Lagarde.

The Deutsche Telekom share was especially visually weak on the Dax, as it was trading at a dividend discount. At the top of the DAX, the stock of energy supplier RWE gained 2.7 percent. Defense stock Rheinmetall rose 1.9 percent after a setback on Tuesday and continued losses on Wednesday.

Gerresheimer shares fall 4.2 percent

Gerresheimer's shares in MDax fell 4.2 percent following the specialty packaging maker's quarterly data and confirmation of its annual targets. Reducing inventories among pharmaceutical customers will likely also be felt in the second quarter.

The euro came under pressure and was trading at $1.0707 in the early afternoon. The ECB set the reference rate at $1.0729. In the bond market, the current yield increased from 2.4 percent the day before to 2.51 percent. The Rex bond index fell 0.53 percent to 124.51 points. The Bund future fell 0.24 percent to 131.40 points.