German Shares Blink Red Ahead of US Fed's Rate Move

12:06 PM EST, 12/10/2025 (MT Newswires) -- German equities reversed recent gains on Wednesday, as investors remained cautious ahead of the much-awaited US Federal Reserve's monetary policy decision. The blue-chip DAX index ended the trading day 0.13% lower. The European Union agreed to adopt a 90% reduction in net greenhouse gas emissions by 2040, compared with 1990 levels, to support the bloc's aim to decarbonize by 2050. The legally binding target includes the option to use international credits, with the contribution capped at 5% of the goal. Back at home, the ifo Institute's latest survey found that German companies plan to invest less amid economic policy concerns and "profound" structural shifts. The ifo investment expectations indicator plunged to -9.2 points in November from 2.4 points in March. Meanwhile, investment expectations for the coming year are "not quite as pessimistic" at -3.1 points. In corporate news, Siemens Energy (ENR.F) was the DAX index's best performer, closing 3.88% in the green, after US peer GE Vernova lifted its multiyear revenue outlook. "ENR's closest peer, GE Vernova, hosted their Investor Day yesterday. The key messages reinforced our view that the strength and longevity of ENR's earnings growth are still significantly underappreciated, and not reflected in either absolute (FY30E: 10% FCF yield, 10x P/E) or relative (-40% vs GE Vernova) valuation. Maintain Buy, unchanged (Euro)170 PO implies >40% upside [potential]," BofA Global Research wrote in a read-across report for the German energy technology company. Similarly, Nordex (NDX1.F) was up 8.04%, after GE Vernova's investor event and news that the German wind turbine maker won contracts from US-based Alliant Energy for large-scale projects in the country's Midwest region. The agreements for up to 190 wind turbines still require regulatory approvals and do not represent a firm order at this time.