DAX after losing week: ECB, Fed, BASF, VW and Mercedes in a week of decisions
The DAX ended the week at 25,181.65 points, down 1.7%. Now come rate decisions by the Fed (Wednesday) and ECB (Thursday), many company results and, on Friday, Germany's first GDP estimate.
The DAX, Germany's benchmark index of its 40 largest listed companies, closed Friday at 25,181.65 points (−0.75%), down 1.7% on the week. The Euro Stoxx 50, the eurozone's benchmark, lost 2.2% over the week. High oil prices, worries about France and doubts over whether costly investment in artificial intelligence will pay off weighed (dpa-AFX).
On Friday evening, after the close, Moody's kept France's credit rating at Aa3 with a negative outlook. It expects debt above 120% of GDP in 2027; the yield gap over German bonds had widened to 170 basis points (Dow Jones/MarketScreener). On Saturday France saw fresh protests against the high cost of living (Euronews). The Fed decides on Wednesday at 19:00 CET, the ECB (the eurozone's central bank) on Thursday at 14:15, with a press conference at 14:45. Robert Greil of Merck Finck expects no ECB rate change but sees a further hike by both central banks in December as likely (dpa-AFX).
Results: Porsche and Beiersdorf on Tuesday; BASF, Deutsche Bank, Mercedes-Benz, Symrise, Traton and Airbus on Wednesday; Volkswagen, Adidas, MTU, Knorr-Bremse, Wacker Chemie and Aixtron on Thursday; Puma, Audi and Fuchs on Friday. On Wednesday TK Accelis, Thyssenkrupp's materials unit, also makes its stock market debut. From the US come Alphabet, Microsoft (Wednesday) and Amazon (Thursday) (Dow Jones, dpa-AFX).
Data: the Ifo index (a survey of German business sentiment) on Monday. On Friday: German labour market data (09:55), the first third-quarter GDP estimates for Germany (10:00) and the eurozone (11:00), and preliminary German inflation (14:00). Helaba economist Claudia Windt does not rule out a slight contraction in Germany in the third quarter (dpa-AFX).
| Index | Close | Day % | Week % |
|---|---|---|---|
| DAX | 25,181.65 | −0.75 % | −1.72 % |
| MDAX | 29,876.31 | −0.70 % | −2.55 % |
| SDAX | 18,103.62 | −0.52 % | −0.56 % |
| TecDAX | 4,021.34 | −0.96 % | +0.16 % |
| Euro Stoxx 50 | 6,068.22 | −0.31 % | −2.19 % |
| Date | Event |
|---|---|
| Mon 26 Oct | 10:00 Germany: Ifo business climate, October |
| Tue 27 Oct | 07:30 Porsche; 08:00 Beiersdorf; 10:00 ECB: M3 money supply |
| Wed 28 Oct | 07:00 BASF, Deutsche Bank, Mercedes-Benz, DWS; 07:30 Symrise; 08:00 Traton, consumer climate; 17:45 Airbus; TK Accelis debut; 19:00 Fed decision |
| Thu 29 Oct | 07:00 Knorr-Bremse, Wacker Chemie; 07:30 Volkswagen, Adidas, Aixtron; 08:00 MTU; 11:00 Linde; 13:30 US GDP; 14:15 ECB decision, 14:45 press conference; 22:05 Amazon |
| Fri 30 Oct | 08:00 Puma; 09:00 Audi; 09:55 German labour market; 10:00 German Q3 GDP; 11:00 eurozone Q3 GDP; 14:00 German CPI (flash) |
| Company | Price (EUR) | Day % | Reason |
|---|---|---|---|
| Fresenius Medical Care | 40.46 | +3.27 % | – |
| Beiersdorf | 84.12 | +2.41 % | strong L'Oréal results |
| Zalando | 26.82 | +2.25 % | – |
| Fresenius | 46.10 | +1.75 % | – |
| Heidelberg Materials | 147.80 | +1.65 % | strong Holcim results |
| RWE | 55.62 | −2.15 % | – |
| Infineon | 48.67 | −2.44 % | jitters over US tech stocks |
| Siemens Energy | 118.68 | −2.88 % | – |
| Deutsche Telekom | 25.35 | −3.17 % | fears of SpaceX competition in the US |
| MTU Aero Engines | 316.70 | −4.84 % | weak results at rival Safran |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- dpa-AFX via ARIVA: ROUNDUP/Aktien Frankfurt Schluss – Frankreich-Sorgen lassen Dax weiter absacken (23.10.2026, 18:03)
- finanzen.net: Minuszeichen in Frankfurt – DAX gibt zum Ende des Freitagshandels nach (23.10.2026, 17:57; Gewinner/Verlierer)
- finanzen.at: SDAX zeigt sich schlussendlich schwächer (23.10.2026)
- finanzen.at: TecDAX beendet die Freitagssitzung im Minus (23.10.2026)
- dpa-AFX via ARIVA: ROUNDUP/Aktien Europa Schluss – Trüber Freitag, EuroStoxx sinkt weiter (23.10.2026, 18:23)
- dpa-AFX via ARIVA: Devisen – Eurokurs gibt leicht nach, französische Stimmungsdaten enttäuschen (23.10.2026; EZB-Referenzkurs)
- dpa-AFX via ARIVA: WOCHENAUSBLICK – Dax von vielen Sorgen belastet – Fokus auf Zinsentscheidungen (23.10.2026, 15:11)
- Dow Jones via finanzen.ch: WOCHENVORSCHAU 26. Oktober bis 1. November (44. KW), 23.10.2026
- EZB: Sitzungskalender des EZB-Rats (geldpolitische Sitzung 28./29.10.2026, Pressekonferenz 29.10.)
- Federal Reserve: October 2026 events (FOMC 27.–28.10.)
- Dow Jones via MarketScreener: Moody's Keeps France's Credit Rating Unchanged (23.10.2026, 17:19 EDT)
- Euronews: France on edge as fresh nationwide protests begin (24.10.2026)
