Blue-chip DAX Index Blinks Green; German Inflation Eases

11:49 AM EST, 11/11/2026 (MT Newswires) -- German shares climbed on Wednesday, with the blue-chip DAX index ending the trading session 1.12% in the green, as the market digested the latest inflation print from the eurozone's biggest economy alongside the latest corporate updates and earnings releases. Final data from Destatis confirmed that Germany's annual inflation rate fell to 2.8% in October from 3.3% in the previous month. The annual core inflation rate, which excludes food and energy prices, stood at 2.1%, down from 2.4% earlier. Federal Statistical Office President Ruth Brand attributed the "persistently high" inflation rate to energy prices, though October's new fuel discount likely helped temper the rise. Speaking of consumer prices, Deutsche Bank Research noted the US' hotter-than-expected October consumer price index, which boosted speculation of a larger rate hike from the Federal Reserve. "That US CPI print drove the biggest moves of the day, with the monthly core CPI print for October above consensus at +0.30% (vs. +0.2% expected). Moreover, it was the third consecutive month with core CPI at +0.3%, and if you take those three months together, the annualized pace for core CPI is running at +3.75%. That's the fastest pace on that measure since April 2024, so it made it increasingly difficult to dismiss this as a blip," the research firm noted, adding the print comes after Fed Governor Christopher Waller signaled that a core CPI reading of 0.3% or higher could put a 50-basis-point hike on the table for December. On the corporate side, Siemens Energy (ENR.F) surged 10.50% and was the DAX's top performer, on the back of "record" fiscal 2026 results, which prompted the energy technology group to roll out its 2027 and 2030 guidance and increase capital returns to shareholders. In the midterm, Siemens Energy projects a compound annual revenue growth of 12% to 14% on a comparable basis through 2030 and a 20% to 22% profit margin before special items. "Strong Q4 (earnings beat + good Gas Services commitment momentum), and we expect FY27 and mid-term guidance to be supportive today (given the strong GS/GT divisional outlooks, including the +26ppts increase in GS OE margins in the backlog which in our view supports our ~800bps above-consensus GS margin forecast in 2030E)," RBC Capital Markets said in a quick take report. Meanwhile, RWE (RWE.F) expects its full-year 2026 earnings to track toward the upper end of its guidance, citing "strong" trading performance in the last two quarters. Affirmed alongside its third-quarter results, the German energy group projects adjusted net income within the range of 1.95 billion euros to 2.45 billion euros and adjusted EBITDA between 5.75 billion euros and 6.35 billion euros. RWE was up 2.24%.