Dax aktuell: Dax notiert vor EZB-Zinsentscheid deutlich im Plus – Vonovia-Aktie sackt ab

On Thursday, the DAX index was trading ahead of the European Central Bank's (ECB) interest rate decision. The morning trading saw the DAX gain around one percent to reach 25,971 points, buoyed by strong quarterly results from major DAX companies. The index closed slightly in the plus at 25,704 points after a weak trading start. Alongside Volkswagen, other large and mid-cap companies reported their earnings, with Volkswagen posting a billion-dollar loss for the third quarter.

The stock remained slightly in the minus but then rose by about two percent, attributing the gain to special effects, particularly a write-off on the asset value of Porsche, its sports and off-road subsidiary. Adidas and Henkel also saw their stocks rise by 2.3 percent and 2.6 percent respectively, thanks to unexpectedly strong third-quarter results.

MTU, a turbo manufacturer, raised its forecast after an unexpectedly good quarter, but its stock fell by up to 3.1 percent. ING, a Dutch financial institution, missed analysts' expectations and cut 400 jobs as part of a reorganization, causing its stock to fall by up to four percent. The DAX index had opened the day lower but eventually slipped into the plus, reflecting the market's reaction to post-market earnings releases from Alphabet and Microsoft the previous day.

Alphabet fell short of Wall Street's earnings and profit expectations for the third quarter, deepening doubts among investors about the eventual profitability of record expenditures on artificial intelligence (AI). Microsoft's net profit grew from $27.7 billion in the same period last year to $36.6 billion in the recent quarter, and its stock also rose after-hours.