Overview
- The German benchmark was indicated around 24,009–24,011 before the open and later moved back above 24,000 with gains of about 0.2%, though the chart picture remains fragile near short‑ and medium‑term moving averages.
- OPEC+ set a small December production increase of roughly 137,000 barrels per day and indicated no further hikes in the first quarter of 2026, lifting Brent and WTI by about 0.7%–0.8% to near $65.2 and $61.5.
- The US dollar traded near a three‑month high after Jerome Powell said a December rate cut is not a done deal, reinforcing a cautious tone in risk assets.
- Lufthansa faces no immediate pilot strike as VC Cockpit gives the airline more time in the pension dispute to present an improved offer.
- Market drivers include BioNTech’s third‑quarter results due today with a target to file its first US oncology application by end‑2025, Italy’s seizure of nearly €1.3 billion in Campari shares in a tax probe, and gains in German autos on signs of relief in China chip supplies.