DAX Snaps 3-Day Rally

2025-11-13 16:54 By Luisa Carvalho 1 min. read

Germany's DAX weakened to close about 1.4% lower at 24,042 on Thursday, on profit-booking after a three-day rally, with investors focused on the official end of the US shutdown which granted funding through January.

However, uncertainty around the release of impendent major economic releases kept markets cautious.

At the same time, traders assessed a mixed batch of corporate earnings.

Siemens plunged over 9%, leading the day’s losses, after reporting a drop in fourth-quarter earnings despite raising its medium-term sales growth forecast.

This prompted declines in other companies within the conglomerate, including Siemens Energy (-5.9%) and Siemens Healthineers (-3.4%).

Deutsche Telekom fell 0.2%, reversing early gains of up to 2%, after announcing a 2025 dividend increase, while raising its full-year guidance despite mixed results.

On the upside, Merck gained roughly 5% boosted by stronger-than-expected third-quarter results.



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