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DAX gains ahead of US CPI report
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Makhlouf comments that ECB should raise rates above 3.5%
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Will Brenntag spin off part of the business?
Tuesday's trading session on markets from the Old Continent brings better investor sentiment. European indices record moderate gains ahead of the US CPI inflation reading, which is the most important reading of the day, as well as of the whole week. What else lies ahead?
Central bankers' speeches:
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Open account Try demo Download mobile app Download mobile app- 02:30 pm GMT - Fed Barkin
- 04:00 pm GMT - Fed Logan
- 16:00 pm GMT - Fed Harker
- 07:05 pm GMT - Fed Williams
- Coca-Cola Company (KO.US) - slightly better than expectations
- Coca-Cola Company (KO.US) - slightly better than expectations
- Airbnb (ABNB.US) - after market close
- Marriott International (MAR.US) - before the market ope
Company news and bank recommendations:
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On the German stock market, investors' attention is focused on the shares of Brenntag (BNR.DE). Engine Capital is calling on the German chemical distributor to prioritise the demerger of the company and to prioritise the spin-off of the speciality production unit, which activists believe could double Brenntag's share price. Another Primestone shareholder has also called for a demerger of the company. The shares are currently gaining nearly 2%.
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MTU Aero (MTX.DE) shares are currently losing close to 3% following the reporting of worse results for the 2022 financial year. The company has cut its revenue forecast for 2023. As far as the report is concerned, the factor that has focused most of investors' attention is weak sales.
The company's detailed results. Source: Bloombe
Companies currently trading the highest and key information from each. Source: Bloomberg
DE30 chart:
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