The DAX in Frankfurt edged up 0.2% to surpass 23,500 on Wednesday, attempting to reverse sharp losses in the prior session, in line with other European peers. On Tuesday, equities retreated due to a global selloff in bond markets linked to concerns over debt sustainability in major economies such as the US, the UK, France and Japan. Meanwhile, investors eyed a batch of PMI surveys, with Germany's private sector showing a marginal rate of business activity growth for a third straight month in August, according to final data. On the corporate front, Adidas led the gains, rising over 3%, after brokerage Jefferies raised its rating on the German sportswear brand to "buy" from "hold", noting increasingly diverse growth drivers supporting its business. Other top performers included Zalando, Bayer, Airbus, Merck, SAP and Volkswagen, adding between 1% and 2%.
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