DAX oscillating between gains and losses in a cautious trading environment on Thursday, as investors process the announcement of U.S. President Donald Trump signing the short-term funding bill that concludes the government shutdown, while also anticipating significant U.S. economic data ahead. Market participants are responding to a varied set of corporate earnings reports. The benchmark DAX experienced a decline of 107.55 points, reflecting a decrease of 0.44%, recently standing at 24,273.22.
Merck is experiencing a 7% increase following robust third-quarter earnings. Merck reported a net profit of €898 million in the third quarter, translating to €2.07 per share, an increase from €812 million or €1.86 per share in the same period last year. When excluding one-time items, earnings per share experienced a modest increase of 0.9%, rising to €2.32 from the previous €2.30. Bayer and MTU Aero Engines are experiencing increases of 1.4% and 1.15%, respectively, while Zalando, Munich RE, Deutsche Telekom, Vonovia, and Hannover Rueck have experienced an increase ranging from 0.7% to 1%.
Deutsche Telekom has experienced an increase of nearly 1%, with the company disclosing an adjusted net profit of 2.7 billion euros for the third quarter, reflecting a 14.3% increase compared to the same period last year. Siemens is experiencing a decline of approximately 5% following the announcement of a decrease in fourth-quarter earnings, with net income for the fourth quarter at EUR1.619 billion, translating to EUR2.05 per share, a decline from EUR1.900 billion or EUR2.38 per share recorded in the previous year. Siemens Healthineers has decreased by 3.1%, while RWE has seen a decline of 2.5%, and E.ON has experienced a decline of 1.1%.
In economic news, data indicated that Eurozone industrial production increased by 0.2% month-on-month in September 2025, following a 1.1% decrease in August. Industrial output increased by 1.2% on an annual basis, maintaining the same rate as the prior month and falling short of the anticipated 2.1% growth.