Germany's DAX Rises 0.6% to 25,410.71 Despite Surging September Wholesale Inflation

Germany's DAX index climbed 150.81 points, or 0.6%, to 25,410.71 on Wednesday, weathering an acceleration in domestic wholesale inflation. The rally followed supportive earnings from ASML, with individual stock gains led by Bayer, BMW, and Adidas. Earlier, Destatis data revealed German wholesale prices increased 1.9% month-over-month in September, beating forecasts of 0.6%, while annual wholesale inflation accelerated to 8.7% from 6.8% in August—marking its largest yearly increase since February 2023. The acceleration was propelled by climbing commodity and energy expenses, with mineral oil product prices jumping 48.8% year-over-year.