DAX set to open lower as tech earnings fail to lift markets

The DAX is expected to fall 0.6 percent to 25,500 points at Thursday's open, following a strong previous session, as investors react cautiously to quarterly results from US tech giants like Meta and Tesla. Meta reported a 25 percent revenue increase to nearly 65 billion dollars, but faces nearly 10 billion dollars in legal costs and a 25 billion dollar court fine. Tesla's profit dropped over 40 percent to around 800 million dollars amid heavy AI investments. German software company SAP beat expectations with cloud revenue up 25 percent to 6.67 billion euros. US futures markets are falling, with the Nasdaq down over one percent, reflecting ongoing investor doubts about the profitability of massive AI investments.