The DAX in Frankfurt edged down 0.2% on Wednesday, giving back Tuesday’s gains, with earnings, trade negotiations, and the looming FOMC decision all in focus. Market participants also looked ahead to Germany’s Q2 GDP report, alongside upcoming labor market and economic growth data from the US. On the corporate front, Adidas sank nearly 8% after missing revenue expectations and warning that tariffs would push US prices higher. Mercedes-Benz Group shares fell around 2% after the automaker posted a first-half profit that more than halved from a year earlier. As a result, it has lowered its full-year revenue outlook, now forecasting revenue significantly below last year’s €146 billion. Meanwhile, Porsche AG was among the top gainers, rising 1.8%, as traders welcomed its commitment to a broad strategic overhaul, despite the company cutting its full-year outlook due to a €400 million tariff-related loss and increased trade uncertainty.