DAX Fails to Recover
2025-11-19 13:54
By
Luisa Carvalho
1 min. read
Germany's DAX rose as much as 0.8% before easing to close marginally down at five-month lows of 23,204 on Wednesday, extending losses for the fifth day.
Traders awaited Nvidia’s earnings with caution, viewing them as a key test of the tech rally amid mounting fears of an AI-driven speculative bubble.
At the same time, the upcoming minutes from the latest US Federal Reserve meeting could offer important insights into a possible interest rate cut in December.
Meanwhile, Eurozone inflation was confirmed at 2.1% in October, edging nearer the ECB’s 2% target.
Aerospace and defense stocks underperformed, with Rheinmetall sliding 7% amid renewed hopes for a peace deal to end the war in Ukraine.
By contrast, Daimler Truck, BASF and Heidelberg Materials were the top performers, rising 3.1%, 2.9% and 2.6%, respectively.