DAX Lags Behind in Europe

2025-10-23 07:55 By Luisa Carvalho 1 min. read

Germany's DAX fell 0.2% to around 24,100 on Thursday, underperforming its European peers, as investors remained cautious while assessing domestic corporate earnings.

Shares of German software maker SAP initially rose 2% but reversed to fall over 1%, landing at the bottom of the index, after reporting Q3 revenue below expectations and projecting full-year cloud revenue at the lower end of its guidance.

Meanwhile, skincare giant Beiersdorf reversed early losses to rise nearly 1% after cutting its full-year sales forecast for a second time following Q3 results below expectations, as it maintained its EBIT margin guidance.

In economic news, US President Trump announced sanctions on Russia’s largest oil producers, while the EU adopted a new package of sanctions targeting Moscow.



News Stream
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DAX on Cautious Note
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