- DAX drops 0.33% during Tuesday's session
- HSBC analysts downgrade Heidelberg Materials
- Goldman Sachs raises its recommendation for Aroundtown shares
General market situation:
Tuesday's session on European stock markets brings mixed investor sentiment. The German DAX is currently down 0.33%. The British FTSE 100 is down 0.6%. At the same time, the French CAC40 is adding 0.16%. The DAX is testing a key support point set by the 50-day EMA. Investors' attention is turning today to corporate news and the scheduled Harris-Trump debate in the US.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال
Volatility currently observed on the broad European market. Source: xStation
The German DE40 benchmark is trading close to 0.57% lower during Tuesday's session and is currently testing a key support level set by the 50-day EMA (blue line on the chart). Dynamic breakthrough of these zones could theoretically open the way for further declines towards the 100-day EMA and 200-day EMA (purple and gold curves on the chart, respectively). The key resistance point, however, remains the local peak in the 19,000 point zone. Source: xStation
News:
HSBC analysts have lowered their recommendations for Heidelberg Materials (HEI.DE) to a “neutral” rating from the previous “buy”. The target price has been set at EUR 109. The company's shares are currently losing 1.5%.
Goldman Sachs has raised its recommendation for Aroundtown (AT1.DE) shares to a “buy” rating. The target price has been set at EUR 2.90 per share. The company's shares are currently gaining over 9%.
The company's shares are trading at their highest levels since March 2023. Source: xStation
Shares of Spanish company Rovi (ROVI.ES) are down 5.5% after CVC fund was left the only bidder for the company. CVC is in advanced talks to buy a majority stake in the Spanish contract pharmaceutical company after other bidders pulled out. The deal could value the operation at more than €3 billion, below the €3.5 billion reference price reported earlier this year.
Strong financial results from Oracle (ORCL.US) yesterday are driving European IT companies today. SAP (SAP.DE) is currently up more than 1%. The US company’s data could signal that demand for artificial intelligence is continuing to drive cloud computing.
Other news from individual DAX companies. Source: Bloomberg Financial LP
