The DAX Index Opens 0.09% Lower

Frankfurt's DAX 40 extended early gains to close about 1.4% firmer at 26,053 on Thursday, its highest since late August and notching a fourth session of advances. Investors parsed a fresh raft of corporate earnings while digesting the ECB’s latest monetary policy decision. The central bank kept interest rates unchanged, as expected, adopting a wait-and-see approach and noting no second-round effects from higher energy prices so far. Most sectors gained, led by banks, consumer goods, telecom and industrials. Rheinmetall and Deutsche Bank were among the top performers, surging 4.4% and 3.4%, respectively. Adidas rose 3.5%, buoyed by record profits and an upgraded full-year outlook, while Airbus advanced 3.2% after keeping full-year forecasts and production plans and reporting mixed quarterly earnings. On the flip side, Vonovia (-3%) remained at the bottom, as it adopted a more cautious full-year outlook and revised some 2028 targets following preliminary nine-months results.

Frankfurt's DAX 40 rose 0.5% to surpass 25,800 on Thursday, its highest since early September, marking the fourth straight session of gains. Investors remained focused on corporate earnings ahead of the ECB's monetary policy decision later in the day. The ECB is widely expected to maintain its key interest rate at current levels today, following a similar move by the Federal Reserve. Among top movers, Adidas rose 3.7% after reporting record profits and raising its full-year outlook. Airbus gained as much as 3.2% after keeping full-year forecasts and production plans and reporting mixed quarterly earnings. Henkel advanced over 2%, as it raised its full year forecast on stronger-than-expected Q3 results. Meanwhile, Deutsche Telekom surged 2.8%, on reports of a possible delay to its planned merger with T-Mobile. Vonovia led the decliners, falling over 5%, after unveiling preliminary nine-month results and adopting a more cautious full-year outlook while revising some 2028 targets.

The DAX Index is up by 137 points or 0.53 percent on Thursday. Top gainers are Adidas (2.77%), Symrise (2.74%) and Deutsche Telekom (2.70%). Biggest losses came from Vonovia (-5.10%), MTU Aero Engines AG (-2.97%) and SAP (-0.88%).