- ECB lowers interest rates by 25 bp
- DAX loses its early-day momentum
- Bayer successfully defends Roundup product in US Philadelphia court
European markets are experiencing high volatility following the ECB's announcement of a 25 basis point interest rate cut. Despite a positive opening, many indices are losing momentum: Germany's DAX is currently flat, while Spain's IBEX35 (+0.45%) and Poland's WIG20 (+1.5%) are gaining. However, France's CAC40 (-0.3%), Britain's FTSE 100 (-0.15%), and Italy's FTSE MIB (-0.4%) are in the red.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appVolatility observed on European markets (intraday). Source: xStation5
DE40
DAX, represented by the DE40 contract, is giving up most of today's gains following the ECB's decision. While the index remains above the 50-period EMA (dark purple), a test of the 20-period EMA will be crucial for its future dynamics. A breakout above this level, coupled with a favorable market sentiment, could signal a return to recent highs.
Source: xStation5
Company News:
- Bayer (BAYN.DE): Bayer has won a lawsuit in Philadelphia regarding alleged negative health effects of its Roundup product. The company's shares are up 0.04% today.
- DHL Express (DHL.DE): DHL Express will invest over 100 million euros in transportation and handling capacity in Q4 2024. The carrier plans to expand its fleet with 8 new Boeing 777s. The company's expected growth for this year is estimated at 8.8%, mainly due to the dynamic development of the e-commerce sector. The carrier's shares are gaining 2.6%.
- Commerzbank (CBK.DE): After acquiring a 9% stake in Commerzbank, the CEO of UniCredit stated the possibility of a full takeover of the German bank. The resulting institution would be the fifth largest bank in the European Union. The bank's shares continue to rise, with a 1.97% gain intraday.
- Siemens (SIE.DE): Siemens is delaying deliveries for the construction of a Turkish nuclear power plant. According to the Turkish energy minister, the delays are political in nature and "harm Turkey instead of sanctioning Russia." Despite this, the company's shares are up 1.5%.
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.
