Dax exhibiting signs of weakness on Thursday, as investors adopt a cautious stance following Federal Reserve Chair Jerome Powell’s warning that an additional interest rate cut by the central bank is improbable this year. The U.S. central bank has reduced its interest rate by 25 basis points, aligning with market expectations, yet suggested that further easing may not occur within the current year. Mixed earnings from major U.S. tech firms and prominent German companies, coupled with caution ahead of the European Central Bank’s monetary policy announcement, contribute to the somewhat subdued mood in the market.

Market participants are closely monitoring the ongoing developments regarding trade. Following a two-hour meeting in South Korea, U.S. President Donald Trump and Chinese President Xi Jinping announced today that they have finalized a trade agreement. The benchmark DAX experienced a decline of 46.81 points, reflecting a decrease of 0.57%, settling at 8,154.07 recently. Airline Lufthansa is experiencing an increase of over 5% due to third-quarter earnings that surpassed expectations. Covestro Group reported a third quarter loss attributable to shareholders amounting to 47 million euros, in contrast to a profit of 33 million euros recorded in the previous year. Where as –

• Adidas is experiencing an increase of approximately 2.3%.
• Brenntag, MTU Aero Engines, Infineon Technologies, Scout24, RWE,
  and Siemens have experienced an increase ranging from 0.4% to 1%.
• Siemens Energy is experiencing a decline of 2.1%. Deutsche Telekom and
  Rheinmetall have experienced declines of 1.9% and 1.6%, respectively.
• BASF, BMW, Commerzbank, Qiagen, Deutsche Boerse, and Bayer have experienced
  declines ranging from 0.6% to 1%.

HelloFresh has announced a decline in adjusted earnings before interest and tax, reporting 2.01 million euros, a decrease from the previous year’s profit of 6.7 million euros. Puma disclosed a net loss of 62.3 million euros for the third quarter, in contrast to a net income of 127.8 million euros recorded in the previous year. The loss per share amounted to 0.42 euro, in contrast to earnings of 0.86 euro recorded in the previous year. Volkswagen has experienced a decline of 1.7% following the announcement of a 1.3-billion-euro operating loss in the third quarter.

In economic news, preliminary estimates from Destatis indicate that the German economy stagnated in the third quarter, with GDP remaining unchanged as anticipated, following a revised decline of 0.2 percent in the second quarter. Destatis reported a positive development in investment in equipment, whereas exports experienced a decline compared to the previous quarter. In the third quarter, calendar-adjusted GDP exhibited a consistent annual growth rate of 0.3%. Price-adjusted GDP increased by 0.3%, offsetting the 0.1% decline observed in the preceding quarter.