DAX on Cautious Note

Frankfurt’s DAX 40 edged slightly lower to around 25,550 on Wednesday, as investors assessed a mixed batch of corporate earnings ahead of the Federal Reserve’s monetary policy decision later in the day. Sentiment was further weighed down by another rise in oil prices, driven by ongoing geopolitical tensions and a media report suggesting the US might launch attacks on Iran following the midterm elections in early November. Symrise slumped nearly 10%, making it the index’s worst performer, after its latest business update beat revenue forecasts but fell short on profitability expectations. In contrast, Deutsche Bank advanced more than 3% after posting third-quarter profits that exceeded market forecasts.