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ndices on the Old Continent post slight rallies
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Investor attention focused on ADP report
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Brenntag announces stock buyback of more than 10 millions shares
Wednesday's session in Europe is going slightly better than yesterday, nevertheless investors are still looking uncertainly at the upcoming ADP reading from the United States. The main benchmarks from the Old Continent are gaining, and the DAX is struggling to break out above its recent highs near the 15,700-point level on a sustained basis. In addition to the ADP report, investors will be looking ahead to today, including Powell's second speech and the BoC's decision on an interest rate hike.
Data from the Eurozone:
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Open account Try demo Download mobile app Download mobile appIndustrial production and retail sales data for January turned out to be mixed - industrial production beat expectations, while retail sales missed estimates. The market reaction was rather moderate.
Industrial production
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Year-on-year : -1.6% vs. expected -3.7% (previously -4.2%)
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month-on-month: 3.5% vs expected 1.4%
Retail sales
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year-on-year: -6.9% vs expected -5.0% (-6.4% previously)
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month-on-month: -0.3% vs expected +2.3%
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Brenntag (BNR.DE) has announced the start of a share buyback process worth up to €750 million (at least 5% of all shares, corresponding to 6.8% of votes). The process will begin in March 2023 and last for 12 months.
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Bloomberg's dividend model indicates a drop in Porsche Automobil Holding's (PAH3.DE) projected dividend to €3.05 per share from the €3.15 previously forecast.
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The Bloomberg model has a much better forecast for BMW's (BMW.DE) dividend, which increased by 5% to 8.1 euros (previously 7.75 euros per share) compared to recent projections.
Changes in the institution's holdings in individual companies in the DAX index (data from the last session). Source: Bloomberg
Largest percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart:
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