- BMW cars do not meet USMCA criteria, shares lose 4.5%
General market situation: European markets are trading lower during Friday's trading session. The German DAX on the cash market is losing almost 2% (the DE40 contract is losing 1%). The main topic of the day is still the negotiations between Ukraine and the US/European countries to conclude aid agreements for the country struggling with the armed conflict. The latest information on customs changes and NFP data from the US, which will be announced in 30 minutes, are also important elements.
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Create account Try a demo Download mobile app Download mobile appOn the broader European market, we are observing declines in the prices of shares of companies representing the main sectors of the economy. Source: xStation
The German DE40 index is losing 1.05% today on an intraday basis. The most important support for the index remains the 50-day EMA (blue line on the chart) and the support area of the consolidation zone close to 21,230 points. Technically, DE40 continues to maintain a steady upward trend. Source: xStation
Corporate news:
BMW (BMW.DE) shares are down nearly 4.5%. The stock is losing value because the company's cars manufactured in Mexico and the US do not meet USMCA criteria, and will therefore be subject to new tariffs of 25%.
Atos (ATO.FR) is launching a reverse stock split of its share capital, exchanging 10,000 old shares with a nominal value of EUR 0.0001 for 1 new share with a nominal value of EUR 1.00, according to a statement. The split is a purely technical exchange transaction and is intended to reduce share price volatility. The stock is currently down 2.1%.
BATS (BATS.UK) shares are also up nearly 0.5% after the company’s Canadian subsidiary reached a court-ordered settlement plan, which will prevent the 2025 guidance from being revised down.
Upgrades:
- CVC Capital (CVC.NL) upgraded to buy at Deutsche Bank; PT €22.50
- Deutsche Post (DHL.DE) upgraded to buy at Deutsche Bank; PT €50
- Vodafone (VOD.UK) upgraded to buy at DZ Bank; PT 80p
Downgrades:
- Whitbread (WTB.UK) downgraded to neutral at JPMorgan; PT 3,000p
Initiated recommendations:
- DNB Bank (DNB.NO) rated buy at HSBC; PT 297 crowns
Other news from individual DAX companies. Source: Bloomberg Financial LP
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