Germany’s DAX traded near the flatline around 24,280 on Wednesday, mirroring a cautious mood across European markets. Traders looked ahead to the outcome of the Fed’s policy meeting and eyed a flurry of corporate earnings from both sides of the Atlantic, with US big tech in focus. Attention was also on Thursday’s highly anticipated Trump-Xi meeting. Among key movers, Mercedes-Benz Group jumped 7% to lead the index after reporting stronger-than-expected margins in its core auto business and maintaining its full-year guidance, despite a 31% drop in Q3 profit. The firm also said it would continue with a €2 billion share buyback, approved earlier this year. BASF advanced 3.1% as its Q3 operating profit beat consensus on better volumes. Deutsche Bank shares gained 2.1% after it reported better-than-expected net profit of 1.56 billion euros. Meanwhile, Adidas fell 1% in early trade as quarterly net profit rose only slightly, weighed down by a challenging backdrop from US tariffs.
