DE40: DAX the only losing index in Europe ✂️

European stock markets are seeing a slight rebound today. Gains across most indices range between +0.20% and +0.60%, with the only exception being Germany’s DAX, which is down -0.30%. The EURO STOXX 600 index is up +0.30%. The euro is losing around 0.10–0.30% against most G10 currencies, with EURUSD down 0.16% to 1.15930.

The main macro factor affecting markets today is crude oil, which is up 4% after the U.S. imposed sanctions on Russia’s Rosneft and Lukoil. This news lifted European energy stocks and increased the risk of secondary sanctions. The market is also focusing on upcoming geopolitical and macroeconomic events. Tomorrow, the delayed U.S. CPI report is expected, and next week both the Fed and ECB will announce monetary policy decisions. Consensus for the ECB is shifting toward a pause after 200 bps of rate cuts by mid-2025. Investors are also closely monitoring geopolitical tensions, including signs of U.S.–China trade de-escalation.

DAX (Daily Chart)

The German index is down 0.30% today, making it the only European index in negative territory. The moves within the index are modest, with individual stocks fluctuating within a ±1.80% range. The DAX has been trading in a narrow consolidation range since early May 2025. For bulls, the key level to hold remains the 24,000-point zone.

Company News

• London Stock Exchange Group (LSEG.UK) gains +6.70% after strong Q3 results, the announcement of a £1B buyback, and an agreement to sell 20% of its clearing unit while maintaining higher profits from SwapClear.

• BP / Shell — energy giants are gaining following the sharp rebound in oil prices after the U.S. imposed new sanctions on Rosneft and Lukoil.

• Unilever (ULVR.UK) rises +1.50% after core sales growth in Q3 (3.9%) exceeded forecasts; management also noted that the ice-cream division spinoff could receive automatic SEC approval as early as December.

• Barclays (BARC.UK) advances +1.40% after announcing a £500M buyback and raising its profitability targets.