The DAX opened in negative territory on Wednesday, weighed down by a fresh decline in Adidas shares and cautious sentiment following mixed signals from US tech giants.
Investors are digesting the latest quarterly results from Microsoft and Meta, which presented a mixed picture for the sector, while also processing the Federal Reserve's recent interest rate decision.
The initial drop on Tuesday had seen the stock fall more than 3% to trade at €175.
Adidas (ADS.DE) emerged as the primary drag on the German benchmark, with the sportswear maker's stock sliding sharply in early trading.
The sell-off marks a reversal of the intraday recovery seen on Tuesday, when shares had erased most of their losses after the German national football team was eliminated from the 2026 World Cup.
The initial drop on Tuesday had seen the stock fall more than 3% to trade at €175.15, driven by concerns over the brand's association with the team's early exit.
Broader European markets are also reflecting the cautious tone set by Wall Street.
Microsoft and Meta reported quarterly earnings that offered both positive and negative data points, leading to a volatile session for US tech stocks.