DAX reached a four-week high on Wednesday as investors persisted in acquiring stocks, buoyed by optimism regarding a potential resolution to the US government shutdown and anticipations of an interest rate reduction by the Federal Reserve in December. Market participants responded to the recent wave of earnings reports, alongside data indicating a less than anticipated rise in consumer price inflation in Germany for October. The DAX, having ascended to 24,406.23, recorded an increase of 269.25 points, reflecting a rise of 1.12% at 24,365.50 recently.

Infineon is experiencing an increase of nearly 7% following the chipmaker’s substantial upward revision of its 2026 sales target for the AI power supply segment. In the fourth quarter, profit amounted to 231 million euros, translating to 0.17 euro per share, in contrast to the previous year’s loss of 84 million euros, or 0.07 euro per share. Bayer is experiencing a 4.5% increase following its third-quarter adjusted profit surpassing market expectations. RWE has experienced a 3.5% increase following a nine-month profit that surpassed expectations. Brenntag is experiencing an increase of 5.5%. Heidelberg Materials has increased by 3.4%, whereas Commerzbank, Porsche Automobil Holding, Deutsche Post, Volkswagen, Merck, and BMW are experiencing gains ranging from 2 to 2.5%. Siemens, Qiagen, Adidas, Deutsche Bank, Munich RE, Zalando, SAP, Siemens Healthineers, and Mercedes-Benz are experiencing notable increases.

E.ON is experiencing a decline of approximately 4%. Scout24 has experienced a decline of 1.7%, alongside Deutsche Boerse, Siemens Energy, and MTU Aero Engines, which are also facing modest losses. Data indicated that Germany’s consumer price inflation experienced a decline in October, following two consecutive months of increases. The consumer price index recorded an annual increase of 2.3%, reflecting a deceleration compared to the 2.4% rise observed in September. The rate aligned with the estimate published on October 30. Core inflation, excluding food and energy, remained unchanged at 2.8%, consistent with initial estimates.

In October, consumer prices experienced a monthly increase of 0.3%. EU harmonized inflation declined to 2.3%, matching expectations, down from 2.4% in September. In the latest month, the harmonized index of consumer prices increased by 0.3%, building on a prior rise of 0.2% in September. Data indicated that wholesale price inflation eased to 1.1% in October, down from 1.2% in the preceding month. In the most recent month, wholesale prices increased by 0.3%, a marginal acceleration from the 0.2% rise observed in September.