Overview
- Germany’s benchmark hovered near 24,300 on Wednesday ahead of SAP’s results after two sessions of gains, with Wall Street mixed and the Dow closing at a record.
- Gold slumped roughly 6–7 percent Tuesday, its largest one-day drop in about 12 years after a record near $4,381, then steadied around $4,140 early Wednesday.
- Traders pointed to profit-taking, a stronger dollar and easing political risk from US–China diplomacy and hopes of progress on the US government shutdown, with some rotation into risk assets including crypto.
- China’s Q3 GDP slowed to 4.8 percent year over year and oil prices weakened on demand concerns and a supply overhang highlighted by recent OPEC+ actions and IEA projections.
- Market drivers also included the Frankfurt debut of shipbuilder TKMS and new FDA approval for Roche’s Gazyva, while upbeat results from GM, Coca-Cola and 3M supported US sentiment.