DAX was in positive territory at noon on Wednesday, advancing for a third consecutive session, fueled by optimism regarding a potential interest rate reduction by the Federal Reserve in December. Positive developments in Ukraine peace negotiations have also played a role in the market’s upward movement.
Investors were assessing the recommendations of the International Monetary Fund, which indicated that Germany requires structural reforms alongside fiscal stimulus to achieve sustainable economic growth. The DAX experienced an increase of 91.98 points, reflecting a rise of 0.39%, reaching a level of 23,552.06. Where as –
- Commerzbank, leading the gains in the DAX index, experienced an increase of nearly 3%.
- Siemens Energy experienced an increase of 1.8%, while Zalando saw a rise of 1.75%.
- Deutsche Bank, Deutsche Post, and Rheinmetall experienced increases ranging from 1.3% to 1.6%, whereas GEA Group, Scout24, Symrise, and Bayer saw gains between 0.6% and 1%.
- Fresenius Medical Care, BASF, Porsche Automobil Holding, Continental, Volkswagen, Fresenius, Brenntag, and Mercedes-Benz experienced declines ranging from 0.6% to 1%.
Aroundtown, one of Germany’s largest listed landlords, experienced a decline of nearly 6% following the announcement of its nine-month 2025 results and the confirmation of its FY25 guidance.