The DAX index experienced an ascent to a three-week high Thursday morning, buoyed by robust advancements in the automobile sector, alongside several rating upgrades, and sustained optimism regarding a potential interest rate cut by the Federal Reserve in the upcoming week. Attention was drawn to the Ukraine peace talks, even in light of the inconclusive discussions held in Moscow. The White House has confirmed that U.S. special envoy Steve Witkoff is scheduled to meet with Rustem Umerov, the head of Ukraine’s national security council, for discussions in Miami today. President Trump characterized the discussions, which included his son-in-law Jared Kushner, as “reasonably good.” However, he noted that it remains premature to predict the outcome, emphasizing that “it does take two to tango.” The DAX increased by 165.58 points, reflecting a rise of 0.7%, reaching 23,848.03 shortly before noon.

Porsche Automobil Holding experienced a notable increase of 5.2%. Mercedes-Benz experienced an increase of 4.2%. Daimler Truck Holding experienced an increase of 4.2%, whereas Volkswagen and BMW recorded gains of 3.4% and 3.6%, respectively. Commerzbank, SAP, Fresenius, and Siemens Energy experienced increases ranging from 1.6% to 1.8%. Adidas, Hannover Rueck, Henkel, GEA Group, Siemens, Deutsche Post, and Heidelberg Materials recorded significant increases. In the interim, Bayer, Continental, Scout24, E.ON, Deutsche Boerse, and RWE experienced declines ranging from 1.1% to 1.7%.

Data indicated that Germany’s construction sector persisted in its contraction during November; however, the rate of decline exhibited a moderation, attributed to an increase in civil engineering activity. The HCOB construction Purchasing Managers’ Index recorded a value of 45.2 in November, a decline from October’s seven-month low of 42.8. A score below 50.0 signifies a contraction within the sector. A report indicated that new car sales in Germany experienced a year-on-year increase of 2.5%, reaching 250,671 units in November 2025, subsequent to a 7.8% rise in the preceding month.

Data indicated that Eurozone retail sales remained unchanged in October, subsequent to a modest revision of a 0.1% increase in September. On an annual basis, retail sales experienced a 1.5% increase in October, rising from 1.2% in September and surpassing the anticipated 1.3% growth. The HCOB Eurozone Construction PMI increased to 45.4 in November 2025, up from 44.0 in October, according to a report by S&P Global.