- The DAX (DE40) futures contract gains nearly 0.7%; investor sentiment in Europe remains positive despite the Israel-Iran conflict.
- Symrise shares fall by almost 5%, while Siemens Energy (ENR.DE), Puma, and Thyssenkrupp are riding an upward wave.
- Kering (KER.DE) shares soar by nearly 10% following the CEO's transfer from the Renault Group.
European markets opened Monday on a surprisingly optimistic note, with Germany's DAX resisting downward pressure and posting gains today.
DE40 (D1 Interval)
Looking at the DAX futures chart, the recent declines appear to have halted at the 50-day exponential moving average (EMA50, orange line). Over the last five sessions, selling volume clearly dominated. Today, buyers are attempting to reverse the trend, although buying volume remains relatively modest so far. Volatility may still increase this week due to Israel-Iran conflict and key US macro readings, as well as Fed interest rates decision
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Source: xStation5
Siemens Energy (ENR.DE)
Siemens Energy shares gain 3% today attempting to break above the 71.6% Fibonacci retracement of the latest downward move. A sustained rise above €87.50 could pave the way for a test of historical highs.
Source: xStation5
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