MDAX closes 1.23 percent higher at 30,798.65 points
Published on 10/29/2026 at 18:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMDAX finishes higher after rate pause
- The MDAX gained 1.23 percent to close at 30,798.65 points on October 29, 2026.
- The European Central Bank left all three key interest rates unchanged despite elevated inflation.
- Salzgitter led the index after raising its earnings target, while Knorr-Bremse fell sharply after disappointing results.
The MDAX closed higher on Thursday, October 29, 2026, as investors responded to a European Central Bank rate decision, the ongoing earnings season and mixed signals from international technology stocks. The mid-cap index gained 1.23 percent to finish at 30,798.65 points, according to Investing.com, which carried a dpa-AFX report published after the Frankfurt close.
ECB holds rates steady
The European Central Bank left its three key interest rates unchanged on October 29. The deposit facility rate remained at 2.50 percent, while the main refinancing rate stayed at 2.65 percent and the marginal lending rate at 2.90 percent. The European Central Bank said its Governing Council would continue to assess incoming data and inflation risks on a meeting-by-meeting basis.
The decision followed a rate pause by the US Federal Reserve on the previous evening. The stable policy settings provided a backdrop for the broader recovery in German equities, although the session also reflected company-specific results and guidance. The closing report did not establish that the central-bank decision alone caused the MDAX move.
Earnings drive individual movers
Salzgitter was among the strongest MDAX constituents after the steel producer raised its earnings target again following the first nine months. Its shares rose by more than 11 percent, according to the dpa-AFX report. At the other end of the index, Knorr-Bremse fell by nearly 7 percent after its order intake, revenue and operating result failed to meet market expectations, as assessed by JPMorgan analyst Akash Gupta.
The session also showed the mixed character of the wider reporting season. Microsoft's results were described as convincing, while Alphabet's performance disappointed. In Germany, the market continued to weigh new company figures alongside inflation, energy-price and monetary-policy risks. For investors, the MDAX close therefore combined a solid index-level advance with pronounced dispersion among individual constituents.
Further coverage of the index is available on the MDAX topic page.
