11:58 AM EST, 11/12/2026 (MT Newswires) -- Germany's blue-chip DAX index closed Thursday higher by 0.41% as investors assessed the latest flurry of corporate earnings and trading updates. Siemens AG (SIE.F) climbed 1.70% after the German technology group reported better-than-expected fiscal fourth-quarter earnings and set its fiscal 2027 outlook, including comparable revenue growth of 9% to 11% and basic EPS from net income before purchase price allocation within the 10.20 euros to 10.80 euros range. "Siemens reported better-than-expected Q4 earnings results this morning, with a 27% order beat at the group level driven by the Mobility (MO) segment. In addition, both the Digital Industries (DI) and Smart Infrastructure (SI) divisions also delivered double-digit order beats, which included another quarter of triple-digit order growth in data centres and the short cycle automation business respectively. For Q4, there were modest beats for revenue, profit and EPS (ie low single-digit) while profitability in DI was well above expectations, which we expect to be taken well," Berenberg said in a flash note, expecting the market to react positively to the results. Merck KGaA (MRK.F) raised its full-year 2026 outlook for the third time on the back of improved underlying performance and "more favorable" currency effects. The German science and technology company now expects net sales of between 21.5 billion euros and 21.9 billion euros, implying organic growth of 3% to 4%, compared with the previous target of 21 billion euros to 21.8 billion euros. The stock was down 1.78% at the end of the session In local economic news, Germany posted a current account surplus of 18.7 billion euros in September, up from the revised 11.1 billion euros month over month. Separately, Bundesbank's 2026 Financial Stability Review found that financial stability risks remain high amid high market valuations and the risk of cyberattacks on critical financial services from AI and hybrid threats. "The times are challenging and look set to remain so," Bundesbank executive board member Michael Theurer said. "We therefore need sufficient resilience, capital buffers that can actually be used in practice, reliable data and a macroprudential framework that keeps pace with developments - including the risks of an increasingly digitalised financial world."

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