The first trading session of 2023 brings an improvement in sentiment among investors, who decided to go on a post-Christmas shopping spree. On the macro calendar, investors' attention today focused on PMI readings from Europe.
Data:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe reading from France was revised slightly upward, while German data was not positive, it was revised downward confirming the weak overall state of the eurozone economy.
France, manufacturing PMI for December 49.2 vs. First release: 48.9
Germany, manufacturing PMI for December 47.10 (final). First release: 47.4
The swaps market is currently pricing in a near 90% chance of a 50 bps rate hike at the ECB's February meeting. A 50bp hike seems certain and in line with the ECB's announcements at its last meeting. Source: Bloomberg
Monday's German market session brings improved sentiment among most sectors of the economy. Source: Bloomberg
News:
-
The midday of the first trading session on the German stock market this year is conducive to the general mood among investors. As for the largest companies, here the stocks of Continental (CON.DE), Vonovia (VNE.DE) and Mercedes Benz (MBK.DE) stand out in particular. Sartorius (SRT.DE) shares are doing poorly, losing nearly 6%.
-
According to media reports, Airbus (AIR.DE) is interested in a minority stake in Atos (ATO.FR). The cyber security company's shares are currently trading up more than 17%.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
