11:48 AM EST, 11/03/2026 (MT Newswires) -- Germany's blue-chip DAX index fell 0.31% on Tuesday's close as market watchers digested the latest batch of corporate earnings and trading updates alongside news regarding the Middle East conflict. Bayer (BAYN.F) raised its full-year 2026 outlook after reporting better-than-expected third-quarter results. The German life science company now expects group EBITDA before special items to come in between 9.8 billion euros and 10.3 billion euros on a currency-adjusted basis, up from between 9.6 billion euros and 10.1 billion euros previously. "Bayer delivered a solid Q3 EBITDA beat, driven by Pharma's accelerating recovery, with Nubeqa and Kerendia increasingly offsetting patent erosion. Crop Science was weak, but its strong nine-month performance keeps the restructuring story intact. Management raised adj. EBITDA and FCF guidance, although unchanged core EPS expectations and soft underlying cash conversion take some shine off the upgrade," mwb Research said. Bayer was the DAX's top performer, closing 4.56% higher. Conversely, German online retailer Zalando (ZAL.F) dropped 5.82%, as weaker-than-expected third-quarter gross margin eclipsed a revenue beat. RBC Capital Markets noted that gross margin contracted 89 basis points year over year, missing the consensus estimate of a 32-basis-point expansion, while revenue came in slightly ahead of expectations at 3.17 billion euros versus the 3.15 billion-euro forecast. Meanwhile, RWE (RWE.F) secured three contracts totaling 2.12 gigawatts of controllable electricity capacity in Germany's initial long-term capacity tender. Overall, the country's Federal Network Agency granted 11 contracts totaling 5.16 gigawatts. The German utility ended the trading session 0.60% in the green. In geopolitical news, de-escalation momentum gained traction after US President Donald Trump told Axios on Monday that he was "in no rush" to decide on whether to resume military operations in Iran, while Iranian leadership was said to have empowered officials to pursue peace negotiations. However, that optimism was checked this morning following reports from The Wall Street Journal of a targeted US strike on Qeshm Island in Iran. "Recently, the oil market has apparently focused primarily on the risks of renewed escalation rather than on actual supply shortages. After all, crude oil exports from the Middle East in October remained close to pre-war levels despite increased attacks by Iran. Should tensions escalate again, this situation could, of course, deteriorate rapidly. And with global inventories running low, the market is now all the more vulnerable to new supply disruptions. On the other hand, the sharp market reaction also shows that the risk premium still embedded in the oil price could quickly be priced out should a sustainable solution to the conflict emerge," Metzler Capital Markets wrote.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.