Despite recovering from early lows, the German market continued to linger in negative territory just before noon on Wednesday, hindered by significant declines in the automotive sector. The mood in the market remained cautious, with investors anticipating the U.S. Federal Reserve’s monetary policy announcement scheduled for later in the day, alongside the signing of an Iran peace deal in Switzerland later this week. The benchmark DAX was down 37.73 points or 0.16% at 24,876.91 about half an hour before noon, after having dropped to 24,760.72 earlier.

BMW experienced a decline of nearly 7% following the announcement of a revised fiscal 2026 outlook. The company attributed this adjustment primarily to adverse developments in China, the repercussions of the conflict in the Middle East, and a one-time charge related to intensified and accelerated structural and efficiency measures. For the full year, the company now projects a significant decrease in group profit before tax from the previous year, in contrast to the prior estimate of a moderate decrease.

• Mercedes-Benz experienced a decline of approximately 3%, whereas Volkswagen and Porsche Automobil Holding recorded losses of 2.2% and 1.7%, respectively. Daimler Truck Holding experienced a decline of 0.8%.
• Deutsche Telekom experienced a decline of approximately 2%. Brenntag experienced a decline of 1.7%, while Munich RE saw a reduction of 1.4%, and Hannover RE fell by approximately 1%.
• SAP, Fresenius Medical Care, E.ON, Vonovia, Siemens Healthineers, and Deutsche Post experienced declines in their valuations.
• Zalando experienced an increase of 3.6%, while Bayer saw a rise of 2.7%.
• Commerzbank and Symrize both experienced an increase of approximately 1.75%. Gea Group, Heidelberg Materials, Deutsche Bank, Rheinmetall, Beiersdorf, Scout24, and MTU Aero Engines experienced an increase of 1% to 1.4%.