FX.co ★ DAX Cautiously Higher

Germany's DAX index experienced a modest rise on Thursday, trading slightly above the flatline at around 24,400 points. This uptick followed the resolution of the US government shutdown. After Congress successfully passed the funding bill in both chambers, President Donald Trump enacted it into law. This legislation extends the budgetary provisions until January and facilitates the reopening of government agencies. Investors are now evaluating a mix of corporate earnings reports. Notably, Merck posted stronger-than-anticipated third-quarter results, boosting its stock by over 6% and positively influencing other stocks in the sector. Deutsche Telekom saw its shares climb as much as 2%, thanks to delivering "solid" third-quarter results alongside an upgraded full-year guidance. Conversely, Siemens' shares dropped by 4.1% as, despite increased revenue, the company's net profit failed to meet analysts' expectations.