2025.10.2916:55:32UTC+00DAX Underperforms in Europe

On Wednesday, Germany's DAX saw a decline of approximately 0.7%, closing at 24,123. This drop positioned it behind its European counterparts, largely due to pressure from the retail sector. Adidas experienced a significant decrease of 10.6%, despite announcing a record quarterly revenue of €6.63 billion. The downturn was attributed to a slowdown in the US market and challenges related to tariffs in one of its primary markets. Similarly, Zalando saw nearly a 5% drop within the sector. In contrast, Deutsche Bank emerged as the day's top performer, with a gain of 4.9%, following the release of a net profit figure of €1.56 billion, which exceeded projections. Mercedes-Benz Group also performed well, climbing 4.3% after reporting unexpectedly strong margins in its core auto business and reaffirming its full-year guidance, despite a 31% decrease in Q3 profit. Additionally, the company confirmed it would proceed with the €2 billion share buyback previously approved this year. BASF saw a rise of 1.9% as its Q3 operating profit surpassed expectations due to improved volumes. Investors are now eyeing the outcomes of key central bank meetings, such as those of the Fed and ECB, as well as the impending Trump-Xi summit.