
AI-generated summary
At the beginning of his term in office, Chancellor Friedrich Merz promised to take special care of the younger generation. However, Gen Z has not yet felt sufficiently addressed and is demonstrating for better education, more intergenerational equality and against rising living costs.
Gen Z is currently the loser generation – at least that is the impression of many young people. They are therefore demonstrating for better education, more intergenerational equality and against rising costs of living.
At the beginning of his term in office, Chancellor Friedrich Merz promised to take special care of the younger generation. But Gen Z finds that little of Merz's efforts have been received by them so far.
In this episode, Handelsblatt capital city journalists Martin Greive and Josefine Fokuhl assess whether Gen Z is actually worse off than previous generations - and how that could change in the future. It is clear that the path to home ownership and social advancement has become more difficult for younger people. When it comes to income and unemployment, however, data does not indicate any disadvantage. The two also discuss how politicians are reacting to the protests and how the younger generation could benefit from capital pensions.

Several companies have revised their annual forecasts upwards following strong quarterly figures. Hensoldt is raising the sales target to around 2.8 billion euros, Novo Nordisk is increasing its targets for the third time this year, and Siltronic is benefiting from the AI boom. Auto1, Scout24 and Heidelberg Materials also report positive developments, while BMW is burdened with a massive decline in profits and another profit warning.

The clear victory of the Democrats in the US midterm elections is dominating market events. The Dax is around 0.7 percent lower premarket. BMW, Continental, Fresenius and Heidelberg Materials present quarterly figures, Eurostat publishes its first inflation estimate for October in the euro area.

Following the Democrats' victory in the US midterm elections, Japan's Topix index rose 1.5 percent, while the tech-heavy Nikkei fell 0.8 percent to 61,687 points. Chip stocks like Advantest and Tokyo Electron slumped as investors fear AI data center buildouts will be delayed. Real estate and retail values rose significantly.

The volume of cross-border takeovers of German companies more than doubled from Q3 2025 to Q2 2026 by 134 percent to almost $129 billion, a KPMG analysis shows. US investors are behind ten billion-dollar deals. KPMG does not see the interest as a sell-off, but rather as an accelerator of structural change and expects M&A activity to increase by 2028.

Bosch is cutting a further 750 jobs at its Abstatt site by the end of 2029, resulting in a total of 24,000 jobs being lost in Germany. The reason is the tough competition with Chinese competitors and the group restructuring under CEO Christian Fischer.

In the coming year, bus and train journeys will be more expensive in many German regions. The Germany ticket increases from 63 euros to 66.80 euros. Large transport associations such as VBB, VRR, MVV, VGN and HVV have announced price increases of between 3.72 and 5.86 percent, while RMV wants to keep prices stable.