German DAX Rises 1.13% to 25,993.74 as Investors Await ECB Rate Decision

Germany's benchmark DAX climbed 289.72 points, or 1.13%, to 25,993.74 Thursday morning, extending gains to a fourth straight session as investors weighed quarterly earnings and awaited the European Central Bank's policy announcement and U.S. PCE inflation data due later in the day. The ECB is widely expected to hold rates unchanged, a day after the Federal Reserve also left rates steady despite persistent inflation and dissents from Governor Lisa Cook and Cleveland Fed President Beth Hammack. Adidas rose more than 3% after reporting record third-quarter 2026 results and raising its full-year profit outlook. Net income totaled EUR706 million, or EUR4.08 per share, versus EUR461 million, or EUR2.58 per share, a year earlier. Revenue rose 9.4% to EUR7.252 billion. Henkel gained about 1.3% after lifting full-year organic sales growth guidance. Vonovia slumped 5% after lowering its 2028 targets, while MTU Aero Engines fell 2.7% on lower third-quarter earnings of EUR227 million, or EUR4.18 per share, versus EUR250 million, or EUR4.63 per share, a year earlier.