Overview
- The DAX traded around 24,150–24,250 with swings driven by earnings, sanctions-related oil moves and confirmation of a Trump–Xi meeting next week.
- Intel reported an upside quarter, with adjusted EPS of $0.23 versus a $0.01 consensus and revenue up 3% to $13.7 billion, boosting European chip names including Infineon.
- SAP’s third-quarter showed currency-adjusted cloud revenue up 27% year over year, with full-year cloud sales guided to the lower end of €21.6–€21.9 billion.
- New US sanctions on Rosneft and Lukoil lifted Brent and WTI earlier in the week; prices eased on Friday but still pointed to about a 7% weekly gain.
- US stocks closed at new records after September inflation printed at 3.0%, strengthening expectations for a Fed rate cut at Wednesday’s meeting.