DAX Ends on Lower Note
2025-10-14 15:59
By
Luisa Carvalho
1 min. read
Germany's DAX closed about 0.6% down at 24,232 on Tuesday, a near two-week low, as traders weighed revived US-China trade tensions and the prolonged US shutdown, while also assessing corporate updates.
In France, Prime Minister Sébastien Lecornu announced plans to suspend the pension reform this fall, partially acceding to the demands of the Socialists, whose support is crucial for the government’s survival.
On the corporate front, German parts maker Continental underperformed with an over 4% decline, tracking losses in French peer Michelin after the latter cut its guidance.
Siemens followed closely, down 3.2%, after Morgan Stanley downgraded the stock to "equal-weight" from "overweight", citing a weak recovery in its Digital Industries arm and rising competition in China.
Defense names such as Renk, Hensoldt and Rheinmetall were also among the worst performers, down 3.9%, 3.6% and 2.2%, respectively.
On the upside, Heidelberg Materials (+2.1%) stood out on Gaza reconstruction plans.