05.11.202508:48:56UTC+00DAX Falls for 2nd Day

Germany's DAX index declined for the second consecutive day on Wednesday, dropping by 0.7% to approximately 23,780, marking its lowest point since late September. This downturn reflects continued caution in global markets, driven by concerns over inflated valuations in AI-related and technology stocks. Additionally, investors are keeping a close watch on the ongoing earnings season. Among the most notable movements, Siemens Healthineers emerged as the leading decliner, falling more than 7% after its fourth-quarter revenue came in slightly below expectations, primarily due to increased US import tariffs. Conversely, Fresenius SE was a standout performer, rising over 2%. The company revised its operating profit forecast for 2025 upwards, following a mixed set of third-quarter results that exceeded expectations on operating earnings but fell slightly short on revenue.