Dax currently: investors are holding back in the midst of the balance sheet season
Deutsche Bank, Mercedes, BASF – there is no shortage of new figures from Dax companies on Wednesday. In the evening, the US Federal Reserve's interest rate decision is due.
The Dax remains nearly unchanged at 25,569 points on Wednesday. Deutsche Bank reported a billion-euro profit in the third quarter, with a pre-tax profit of 2.6 billion euros, up 8% from the previous year, and a net profit of 1.9 billion euros, up 2%. The bank's investment division contributed significantly to the good results, with its shares rising 3.4%.
Meanwhile, BASF's quarterly results exceeded expectations, with a 15% increase in operating earnings to 1.64 billion euros and a 14% rise in sales to 16.4 billion euros, prompting the company to raise its annual targets. Mercedes-Benz, however, expects to miss its annual targets due to a decline in its China business.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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