DE30 awaits release of Fed minutes

• Mood in Europe worsened

• Investors await Fed Minutes 

• Eurozone inflation revised slightly downward

• Updates from Uniper (JNPR.DE) and Adler (ADJ.DE)

Market sentiment worsened during today's trading session on European trading floors. The German DE30 is down 1.06%, the French FRA40 is losing 0.5%, and the Polish W20 is losing 2.21%.

Today's session is primarily about the market discounting readings on UK inflation, Eurozone GDP and expectations for the US retail sales report. However, the most important event today is the reading of Fed Minutes, which will indicate the details of the decisions from the last FOMC meeting. 

Chart of the DE30 index, H4 interval. The benchmark of German blue chips is seeing declines today and falls below the 61.8% Fibo retracement. From a technical point of view, the quotations are approaching supports set by the level of 13,750 points and the 100-day exponential moving average (purple curve). Local resistance now remains the last high at the level of 13,965 points. Source: xStation 5

News:

• Some of the biggest losses in the German equity market are being reported by Uniper (JNPR.DE), which posted a net loss of 12.3 billion euros in the first half of the year. The factors creating the business problems are the invariably limited volumes of supplied gas from Russia, which forces the company to buy the commodity at higher prices on the spot market.

The company's H1 results. Source: Bloomberg

• Shares of Adler (ADJ.DE) are also performing poorly, losing nearly 7%. Investor sentiment is being weighed down by liquidity problems. The company has been forced to sell off two properties to raise cash. 

The largest percentage changes of companies included in the DAX index. Source: Bloomberg

The most active stocks in the DAX index (DE30). Source: Bloomberg