DAX Kicks Off November on Higher Note
2025-11-03 08:54
By
Luisa Carvalho
1 min. read
Germany's DAX rose 0.6% to surpass 24,100 on Monday, echoing a modestly positive start to November for European markets.
Traders continued to monitor corporate earnings from previous weeks while eyeing today’s PMI surveys for the manufacturing sector in the Eurozone and the United States.
Germany’s HCOB Manufacturing PMI for October 2025 was confirmed at 49.6, up marginally from 49.5 in September and matching the preliminary reading, suggesting continued weakness in the sector as Q4 started.
Meanwhile, several Fed and ECB officials are scheduled to speak this week, likely reinforcing the central banks’ recent policy decisions.
Top-performing sectors included energy, autos and financials.
Siemens Energy led the way, up 4.6%, followed by Mercedes-Benz Group (+2.9%), Deutsche Bank (+2%), Volkswagen (+1.8%), Allianz (+1.8%) and Commerzbank (+1.8%).