Overview
- The DAX slipped 0.6% to 24,076 on Tuesday and was indicated just above 24,100 premarket, reflecting a cautious tone ahead of European central‑bank decisions.
- Wall Street closed mixed after the data, with the Dow down 0.6% and the Nasdaq up 0.2%, as traders nudged up expectations for U.S. rate cuts in the year ahead.
- Oil extended its slide to multi‑year lows, with Brent near $60 and WTI around $56, as concerns about oversupply persisted.
- Ford confirmed a $19.5 billion charge tied to its EV unit and will discontinue the all‑electric F‑150, while shifting to a new platform for lower‑priced models.
- Pressure on autos deepened as EY reported German carmakers’ operating profit fell over 70% to €1.7 billion in Q3, and the European Commission was due to outline proposals to relax the 2035 combustion‑engine ban.