Indices in Europe are experiencing a mixed session. The cash market session on the Old Continent opened in positive territory. Currently, the gains have been slightly reduced but are still maintaining a modest profit. The DE40 index is up 0.25%, while the French FRA40 is trading flat, similar to the UK100 in the United Kingdom.
Today, not much is happening in the global markets. Volatility is limited, and investors are waiting for the second key macroeconomic report of the week, which is U.S. retail sales later Today. The July retail sales report could be one of the most important reports for the Fed, as the central bank is looking for signs of where the economy is headed in the second half of the year. Subsequent inflation data confirms decreasing inflationary pressure, which is shifting the Fed's attention towards the labor market and the condition of consumers in the U.S.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appDE40 (D1 Interval)
The DAX is up 0.25% today and is testing the 18,000-point level. This is a key zone that recently served as support for bulls within the consolidation channel. This level also coincides with the 61.8% Fibonacci retracement of the recent downward movement. Therefore, a sustained breakthrough would negate the recent declines. If bulls manage to climb above this level, the next noteworthy area is around 18,400 points. Otherwise, the nearest support is the 200-session SMA around 17,650 points.
Source: xStation 5
Company News
HelloFresh (HFG.DE) is up 5% to EUR 6.60 and is one of the top-performing stocks today. HelloFresh clearly stands out among other companies in the MDAX index. The shares are currently at the same level as in April.
Adyen (ADYEN.NL) is up 6.70% after reporting results for the first half of 2024. The company's results exceeded analysts' estimates in both revenue and customer growth. Furthermore, the payment gateway provider also announced expansion into India. The company stated that this follows the Reserve Bank of India granting permission to operate as an online payment aggregator in India for both domestic and cross-border payments.
First-half 2024 highlights:
- Net revenue: EUR 913.4 million, up 24% year-on-year.
- Processed volumes: EUR 619.5 billion, up 45% year-on-year.
- Point-of-sale volumes amounted to EUR 95.6 billion, representing 15% of total processed volumes.
- EBITDA: EUR 423.1 million in H1 2024, up 32% from EUR 320.0 million in H1 2023.
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.
