DAX Closes Marginally Down

Frankfurt's DAX 40 reversed some early gains to close marginally down at 25,260 on Tuesday, snapping a two-day winning streak, pressured by renewed concerns over AI spending, while oil prices trimmed their losses. Meanwhile, major US banks delivered mixed results at the start of the earnings season. The tech sector was among the weakest performers, with chip maker Infineon Technologies dropping over 4% amid concerns over new Chinese competition. Other decliners included Daimler Truck (-2.2%), Airbus (-0.9%), Merck (-0.8%), Hochtief (-0.6%) and E.ON (-0.2%). On the upside, Zalando remained the top gainer, climbing 6.9%, followed by Siemens Heatlhineers (4.5%), BMW (4.5%) and Siemens (3.8%).

The DAX Index dropped 18 points or 0.07 percent on Tuesday to close at 25260 points. Losses were led by Infineon (-2.61%), Siemens Energy (-2.53%) and Deutsche Bank (-1.49%). Offsetting the fall, top gainers were Symrise (3.52%), BMW (2.56%) and Brenntag (2.52%).

Frankfurt's DAX 40 rose 0.3% to cross 25,300 on Tuesday, marking the third session of advances, led by retailers and pharmaceutical shares, while falling oil prices and bond yields offered further support. Meanwhile, investors monitored economic data and fresh corporate earnings across Europe. Germany’s annual inflation rate was confirmed at 3.3% in September, the highest level since December 2023, up from 2.9% in August. Zalando was the top performer, climbing more than 7%, followed by Fresenius SE & Co, Siemens Healthineers, Fresenius Medical Care and Bayer, each rising over 4%. On the downside, technology stocks came under pressure, particularly chipmakers such as Infineon Technologies, which fell 7.2% amid renewed doubts over AI investment returns and growing competition from China's CXMT.