Germany’s DAX rose nearly 1% to surpass the 24,300 mark on Wednesday, the highest level since October 21 and extending gains for the third day. Investor sentiment remained buoyed by hopes of an imminent reopening of the US government and expectations of rate cuts by the Federal Reserve. Meanwhile, corporate earnings took center stage. Brenntag topped the index with a gain of over 5%, after the German chemicals distributor delivered better-than-expected quarterly results. RWE advanced 3.5% after posting better-than-expected profits for the first nine months, and Bayer added 1.7% after also reporting stronger-than-expected results. Infineon Technologies rose 1.2% after reporting higher quarterly revenue and projecting moderate revenue growth for fiscal 2026 despite adverse currency effects. On the flip side, E.ON lost 1.5% after a steep fall in nine-month profit, even as it confirmed its 2025 guidance.
