Germany: DAX 40 Falls on Wednesday.

The DAX 40 fell about 0.4% to 25,315 on Wednesday, underperforming other European markets due to losses in heavyweight stocks. SAP and Siemens Energy dropped more than 3%, while Airbus, Siemens, Merck and Infineon also declined, dragging the index lower. On the other hand, Bayer jumped nearly 7% after the company outlined plans to return its pharmaceuticals business to mid-single-digit percentage growth by 2027 and target an operating margin of around 30% by 2030. RWE gained 2.3% after being named among the developers awarded guaranteed electricity price contracts in the UK’s latest offshore wind auction, which secured a record level of capacity. Investors were watching a high-level meeting between US, Danish and Greenlandic officials focused on the future of Greenland, after renewed comments from President Trump about acquiring the island. Separately, Czechoslovak Group announced plans for a major IPO in Amsterdam, aiming to tap into a regional defense spending boom.