Germany Stock Market Today (Nov 6, 2025): DAX pares losses as Zalando & DHL rally; EU opens probe into Deutsche Börse; industrial output misses
Key takeaways Market at a glance (midday Frankfurt) Note: Levels are intraday and may change by the close. Macro driver: A softer rebound in industry Fresh from Destatis, industrial production for September rose +1.3% m/m, short of consensus (after a sharp drop in August). Automotive output rebounded, but broader three‑month momentum remains negative, reinforcing a “bumpy bottoming” narrative for German manufacturing. Stocks reacted with cautious relief rather than celebration. destatis.de+1 Big movers in the DAX Surge: Zalando (+6–10% intraday) Strength: DHL Group (Deutsche Post) (+4–6% intraday) Weakness: Commerzbank (–2% to –3%) Under pressure: Deutsche Börse (–3% to –4%) Cross‑currents shaping sentiment