DAX dips as earnings reports trigger a market correction.
DAX was down on Wednesday after testing the high level of 19743 in the last trading session as the DAX declined by 0.2% on Tuesday as traders focused on quarterly earnings reports and economic data. According to the GfK survey, consumer sentiment showed a steady recovery for November, but long-term economic expectations for Germany dropped for the third consecutive month. Volkswagen suffered the largest loss, falling over 3%, followed by Fresenius Medical Care (-2.4%), Bayer (-2.1%), and Merck (-2%).
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