DAX recovers most of its losses – seen opening higher on Wednesday

Data as of: Xetra closing prices Tuesday, 20 October 2026; pre-market indication and calendar for Wednesday, 21 October (as of about 07:25 CEST; Xetra opens at 9:00)

The DAX benchmark index (Germany's 40 largest listed companies) closed 0.06% lower at 25,304.42 points on Tuesday. During the day it fell to around 25,050 points but recovered almost all of the loss. The MDAX of mid-sized companies lost 0.40% and the Euro Stoxx 50 of large euro-area companies 0.38%. The SDAX of smaller companies slipped slightly, while the tech index TecDAX edged up.

According to dpa-AFX, vague hopes of a solution to the conflict between the US and Iran helped in the afternoon: mediators from Qatar and Pakistan are said to be working on a compromise. Oil and gas prices fell. Earlier, the ZEW economic expectations had weighed: the index fell 6.6 points to 28.1, more than expected. According to Dow Jones, German producer prices rose 6.7% year on year in September – a sign of inflation pressure.

Qiagen (+3.8%) led the DAX on takeover rumours, followed by E.ON (+2.9%) after a report about a savings programme. Siemens lost 2.2% and Siemens Energy 2.1%: according to dpa-AFX, investors increasingly doubt whether huge AI investments will pay off. In the evening, Deutsche Börse reported 13% higher third-quarter net revenue and raised its targets for the year. Adidas raised its profit forecast after a record quarter.

For Wednesday, broker IG indicates the DAX about 0.4% higher at 25,409 points, according to dpa-AFX, roughly at Tuesday's high. Adidas shares traded about 3% above their Xetra close in late trading on Tradegate. SAP, Tesla, Meta and IBM report quarterly results in the evening. The ECB's euro reference rate was 1.1215 dollars on Tuesday (Monday: 1.1225).