Dax current: Midterms hardly move Dax - Heidelberg shares jump up

Dusseldorf. The Democrats win the midterm elections in the USA – thereby making the most likely scenario come true, which the markets had also expected in advance. The price reactions are correspondingly muted. The Dax was up 0.4 percent at 25,981 points on Thursday morning.

The cautious reaction of US President Donald Trump, who congratulated the Democrats on their election victory and announced that he would not permanently use his veto rights on legislative proposals, could also trigger cautious optimism.

In the run-up to the election, experts feared that Trump might not accept the election results and thus trigger political chaos. The Democratic majority in both chambers of Congress makes Trump the proverbial “lame duck” for the final two years of his term.

It is still unclear how the elections will affect the Iran war. In the run-up to November 3rd, fears arose that the USA and Israel could intensify their attacks on Iran again, thereby driving up oil and gas prices further. However, there is initially no indication of this.

The falling oil price had brought the Dax back close to the 26,000 point mark in the past few days. A barrel of North Sea Brent for delivery in January still costs around $104, which is only slightly above the previous day's level. On Wednesday the price was temporarily below $101. This was last the case on October 8th. The prices for WTI light oil from the USA moved similarly.

Away from the USA, the markets are waiting for current data on inflation in the euro zone, which will be published at 11 a.m. For the first time since September 2023, annual inflation could reach four percent or more, as experts expect. Here too, the main reason for this is the high global energy prices, which make consumption and production more expensive throughout the currency area.

BMW: The car manufacturer continues to feel the effects of the crisis in its Chinese business. Sales fell by almost six percent in the third quarter, and earnings before interest and taxes fell by almost 30 percent, as the DAX group announced on Wednesday in Munich. BMW had already announced worse figures the evening before, so the share price barely moved on Thursday.

Vonovia: Germany's largest residential real estate group continued to benefit from higher rental income in the first nine months. In addition, the business with additional services developed significantly better, as the DAX group announced on Wednesday when it presented its final figures. The share rose by 0.8 percent.

Continental: The automotive supplier Continental is bracing itself against rising raw material prices and the weak car market and is reporting lower sales. The shares of the group, which shrank after it was spun off to become a tire manufacturer, still gain 5.8 percent.

Scout24: The internet portal operator is becoming a little more optimistic when it comes to sales thanks to strong growth in all areas and acquisitions. In addition, the margin forecast was confirmed. The titles increased by 1.4 percent.