On Thursday, German stocks rose as investors processed a range of earnings reports and anticipated a potential interest rate reduction from the European Central Bank later in the day. The DAX index climbed 143 points, or 0.7%, reaching 19,575, rebounding from a 0.3% decline the previous day.
Sartorius AG saw a 12% increase in its shares. The pharmaceutical and laboratory equipment provider reiterated its full-year outlook following strong third-quarter results. Similarly, Merck KGaA experienced a 5.3% rise in its stock value after confirming its projected annual earnings per share.
In contrast, HELLA GmbH & Co. KGaA, an auto parts supplier, faced a 1% decrease in its shares as sales for the nine-month period remained stagnant at 5.9 billion euros. CTS Eventim AG & Co. KGaA experienced a modest gain, with shares increasing by 0.5%.
Additionally, the European Commission informed the ticketing services and live entertainment provider that it has no antitrust or other objections to its plan to acquire an additional 17% of France Billet's share capital.
