German stocks experienced a notable decline on Friday morning as investors evaluated the potential ramifications of the Democratic Party’s decisive victory in the US midterm elections. Key areas of concern include tariffs, the ongoing conflict in the Middle East, and the implications for AI infrastructure development.
The benchmark DAX was down 454.50 points or 1.73% at 25,875.45 recently.
- Zalando, Hannover RE, Deutsche Post, Munich RE, Rheinmetall, and Bayer experienced declines ranging from 3% to 3.7%.
- Adidas, BASF, Siemens Healthineers, Allianz, Merck, SAP, Deutsche Boerse, Henkel, Daimler Truck Holding, Beiersdorf, Symrise, Mercedes-Benz, Deutsche Telekom, Fresenius Medical Care, Brenntag, and Fresenius experienced a decline ranging from 1% to 2.7%.
- Daimler Truck Holding experienced a decline of approximately 2.1%, even in light of a 73% increase in Q3 adjusted operating profit and a reaffirmation of full-year guidance, as the nine-month results continued to fall short of the previous year’s figures.
- Wind turbine manufacturer Nordex experienced a decline of 1.1%, even as it reported robust performance for the third quarter and reaffirmed an upward adjustment to its full-year 2026 EBITDA margin guidance.
- Infineon Technologies experienced an increase of nearly 3.5%. Siemens Energy experienced an increase of 2.75%, whereas Hochtief and RWE saw gains of 1.6% and 1.1%, respectively.
In economic news, Germany’s industrial production experienced growth for the second consecutive month in September, driven by notable output increases in the automotive sector, according to official data. Industrial output increased by 0.7% month-over-month, a deceleration compared to the revised 1% recovery observed in August, according to Destatis. Meanwhile, analysts had anticipated a stagnant shift. In September, industrial production experienced a year-over-year increase of 0.4%, a deceleration compared to the 0.7% rise observed in the preceding month.
