- DAX gains at the end of the week
- Investors' attention turns to the US NFP report
- Zalando (ZAL.DE) leads market gains in Germany
Overall market situation:
The last trading session on European markets this week brings an improvement in the mood of investors, who are now preparing for the important reading of the NFP report from the US, which could shed light on the Fed's next monetary policy decisions.
At the moment, the overwhelming number of companies listed in Europe are trading higher. Most of the major European subsectors were trading higher, but the food and beverage index was down 1.2%, with Nestle and Unilever down about 2%.Source: xStation 5
Futures based on Germany's DE30 index are trading near 0.5% gains intraday and the benchmark is currently testing the resistance zones set by the daily maxima of the last 2 sessions. Source: xStation 5
News:
Oddo BHF downgraded shares of Hannover Re (HNR.DE) to an "underperform" rating. The new target price is €197 per share. The company's shares negated early declines and are currently trading near 0.3% gains.
Source: xStation5
Oddo BHF also downgraded shares of Talanx (TLX.DE) to an "underperform" rating. In this case, the target price was set at €60 per share.
Source: xStation 5
HSBC upgraded shares of Heidelberg Materials (HEI.DE) to a "buy" rating, The target price for the shares was set at 86 euros.
Source: xStation 5
Shares of Aviva (AV.UK), one of the UK's largest insurers, rose 10% after the UK's Times newspaper cited talk of a possible takeover by a foreign buyer. Aviva has not commented on the reports.
Source: xStation5
Amsterdam-based healthcare technology company Philips (PHIA.NL) fell 8% after the U.S. Food and Drug Administration said it remained unhappy with the recall status of its sleep apnea medicines. The agency requested additional risk tests, which Philip agreed to.
Source: xStation 5
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
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