Germany: DAX Slips to Over 1-Month Low.

Germany's DAX lost further ground to close about 1.3% down at 23,734 on Thursday, a low level last seen on September 25, moving in line with European and US peers. Market sentiment weakened amid renewed concerns over stretched AI-related stock valuations and fears of a possible AI bubble. Meanwhile, investors weighed a fresh bag of corporate earnings and economic data in Europe. Germany’s industrial output grew 1.3% in September, following August’s revised 3.7% slump, though the pace of recovery missed the 3% forecast. Heidelberg Materials fell to the bottom of the index, dropping nearly 5% after delivering third-quarter 2025 results that largely met growth and profitability expectations but revealed uneven performance across regions. Commerzbank lost 2%, after the German lender posted an unexpected 7.9% year-on-year drop in net profit. On the upside, Deutsche Post surged 8.6% as it reported a 7.6% rise in EBIT, offsetting a 2.3% decline in Q3 revenue caused by currency effects.