FX.co ★ DAX Rebounds to End Higher

Germany's DAX index rebounded to finish approximately 0.4% higher at 24,049 on Wednesday, as European markets mirrored the upward trajectory of their US counterparts, following a calming of worries about inflated AI valuations. Meanwhile, the ongoing earnings season remained a focal point of investor attention. BMW's stock surged over 6%, buoying other automakers after the company reported stronger-than-expected earnings for the third quarter and affirmed its confidence in achieving its full-year targets. In contrast, shares of Siemens Healthineers plummeted 8.6%, making it the day's biggest decliner, following a less-than-expected performance in its fourth-quarter profits, which the company attributed to the adverse effects of US tariffs. Additionally, Fresenius SE saw a downturn of about 1%, moving into negative territory, due to presenting a mixed third-quarter financial report, with operating earnings surpassing forecasts but revenue slightly falling short.