DE30: Commerzbank boosts German stock market sentiment

• Markets in Europe slightly higher after yesterday's US CPI reading 

• Euphoria on Commerzbank shares 

Thursday's trading session on markets from the Old Continent brings mixed investor sentiment. The DAX index broke above the 15 500 point barrier and is now heading towards recent highs. Despite a higher US CPI reading during yesterday's session, Wall Street managed to end yesterday's session higher. Today, investors' attention is focused on the US PPI inflation reading and statements from central bankers.

Investor sentiment on the Old Continent continues to benefit from improved market sentiment.... Most European companies are currently on the upside.  Source: xStation 5

Company news and bank recommendations: 

• The attention of investors on the German stock market today is focused on Commerzbank (CBK.DE), which is up nearly 10%. The bank's management communicated that the company expects profits for 2023 to significantly exceed the results recorded in 2022 (€1.4 billion). The main driver of the good momentum around the company is the continued cycle of rate rises. The Frankfurt-based bank booked a net profit of €472 million in the fourth quarter, above the expectations of market analysts.

Key details of the published quarterly results. Source: xStation 5

• Synlab (SYAB.DE) shares are trading nearly 2.5% lower today following Jefferies' cut in forecasts for the company's shares. A week ago, the company warned of weakening fundamentals in the short term, which could negatively impact the company's performance.

Companies currently trading highest and key news from each. Source: Bloomberg

DE30 chart:

DE30 futures are trading up slightly on Thursday and remain in the region of recent highs. Source: xStation 5