European Markets Mixed as US Shutdown Looms, Lufthansa Shares Fall on Strike Threat
European markets saw mixed performance on Tuesday. The MDax gained 0.10 percent to close at 30,148 points, while the EuroStoxx 50 index fell by 0.15 percent. Meanwhile, a potential US government shutdown looms, with a last-minute agreement needed to prevent a halt in operations on Wednesday.
Lufthansa shares continued their downward trend, falling by over four percent. This follows an initial rise after the company announced ambitious medium-term targets at its capital markets day. The decline comes as a strike by pilots is threatened, with a majority voting in favor of industrial action. Hornbach Holding's sales increased in the second quarter, but higher personnel costs led to a fall in shares by over five percent. Auto1 shares rose by almost four percent after announcing expansions in reconditioning capacities in Italy, Austria, and the Netherlands. Puma shares also saw a significant increase of over five percent after Exane BNP Paribas revised its negative rating. HOCHTIEF experienced a notable increase of 36.16% in the third quarter of 2025, making it the top performer in the MDAX.
Each week of government shutdown in the US costs 0.2 percentage points of economic growth. The Dow Jones Industrial Average initially showed significant gains but lost momentum on Monday.
Tuesday's trading saw a mix of gains and losses for major indices and companies. Lufthansa's share decline and potential strike, along with Hornbach's profit fall, were notable events. Meanwhile, the US stock market today hangs over markets, with each week of shutdown expected to impact economic growth.
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