DAX Cautiously Higher
2025-11-13 08:52
By
Luisa Carvalho
1 min. read
Germany's DAX traded slightly above the flatline around 24,400 on Thursday, following the official end of the US government shutdown.
President Donald Trump signed the funding bill into law overnight after it received approval from both houses of Congress, extending the budget through January and allowing government agencies to reopen.
The move should also resume the flow of US economic data, which is crucial for the Fed’s policy.
Meanwhile, traders weighed mixed corporate earnings.
Merck’s stronger-than-expected Q3 results propelled its stock up more than 6%, helping lift other companies in the sector.
Deutsche Telekom rose as much as 2% after delivering "solid" Q3 results and hiked its FY guidance outlook.
On the downside, Siemens shares fell 4.1% as higher revenue was overshadowed by a net profit that missed analysts’ estimates.