Germany's DAX lost ground on Wednesday, closing about 0.6% down at 24,123 and lagging behind its European peers, pressured by retailers. Adidas tumbled 10.4% despite reporting record quarterly revenue of €6.63 billion, citing a slowdown in the US market and tariff-related challenges in its key market. Zalando tracked losses in the sector, falling nearly 5%. Meanwhile, Deutsche Bank was the top performer, adding 4.9%, after it reported better-than-expected net profit of €1.56 billion. Mercedes-Benz Group followed closely, up 4.4%, after reporting stronger-than-expected margins in its core auto business and maintaining its full-year guidance, despite a 31% drop in Q3 profit. The firm also stated it would continue with a €2 billion share buyback, approved earlier this year. BASF gained 1.6% as its Q3 operating profit beat consensus on better volumes. Markets are now focused on the outcome of central bank meetings, including the Fed and ECB, alongside the Trump-Xi summit.