German stocks experienced notable gains in positive territory Thursday morning, marking a fourth consecutive session of increases. Investors focused on quarterly earnings while anticipating the European Central Bank’s monetary policy announcement and the important U.S. PCE Inflation data scheduled for later in the day. The ECB is widely anticipated to maintain its current interest rates, mirroring the Federal Reserve’s decision to keep rates steady on Wednesday. The Fed maintained its interest rate at the same level yesterday, despite ongoing inflationary pressures and dissenting opinions from Fed governor Lisa Cook and Cleveland Fed President Beth Hammack. The benchmark index was up 289.72 points or 1.13% at 25,993.74 a few minutes before noon.
Shares of sportswear maker Adidas rose over 3% following the announcement of record results in the third quarter of 2026, alongside an upward revision of its full-year profit outlook. The company’s earnings amounted to EUR706 million, translating to EUR4.08 per share in the third quarter. This compares with EUR461 million, or EUR2.58 per share, in the previous year. The company’s revenue for the period increased by 9.4%, reaching EUR7.252 billion compared to EUR6.630 billion in the previous year.
- Symrise experienced an increase of 3%. Deutsche Telekom experienced an increase of 2.7%, whereas Deutsche Bank, Rheinmetall, Merck, Siemens Energy, Volkswagen, Mercedes-Benz, Zalando, Heidelberg Materials, and Beiersdorf saw gains ranging from 1% to 2.3%.
- Henkel experienced an increase of approximately 1.3%. The chemicals company has elevated its group organic sales growth forecast for the full year 2026, following third-quarter results that surpassed analyst expectations.
- RWE, Fresenius, Brenntag, BMW, Munich RE, Deutsche Post, Allianz, Hannover RE, Fresenius Medical Care, and Siemens experienced upward movement.
- German real estate group Vonovia experienced a decline of 5% following a revision of its targets for 2028. For fiscal 2026, the company now anticipates adjusted shareholder earnings to stay within the upper half of the previously projected range of EUR 1.4 billion to EUR 1.5 billion.
- MTU Aero Engines experienced a decline of 2.7% following the announcement of reduced earnings. The company’s bottom line registered at EUR227 million, translating to EUR4.18 per share in the third quarter, in contrast to EUR250 million, or EUR4.63 per share, from the previous year.
