- TUI (TUI.DE) gains on wave of sustained consumer demand
- Jefferies raises recommendation for Volkswagen shares (VOW1.DE)
Overall market situation:
Tuesday's session on European markets brings a slight improvement in market sentiment, nevertheless the scale of the rebound is not large, but individual benchmarks record declines. In Europe, investors' attention is primarily focused on the shares of TUI (TUI.DE), whose shares are gaining in the face of confirmed earnings forecasts for this year.
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At the moment, most of the companies listed in Europe during the Tuesday trading session are up, especially those related to the insurance and banking sectors. Source: xStation 5
Futures based on the German DE30 are trading intraday without noticeable deviations, however, it is worth noting that the demand side managed to lift the quotations above the 100-day exponential moving average (purple curve), which was pierced in the early phase of trading. Source: xStation 5
News:
Investors' attention during today's trading session is turning towards travel company TUI (TUI.DE), whose shares are gaining nearly 6% today following the confirmation of its earnings forecasts for 2023 due to continued booking demand and increasing interest in relaxing during the winter period.
The company added in a commentary that as long as unemployment does not increase, such favourable trends could continue.
Source: xStation 5
Jefferies raised its recommendation on shares of Volkswagen (VOW1.DE) to a "buy" rating. The target price has been set at €150. The company's share price is currently gaining nearly 3.35%. Overall for 2023, the company recorded 13.7 million bookings, 5% more than last year.
Source: xStation 5
Analysts at Societe Generale raised their recommendation on E.ON (EOAN.DE) shares to a 'buy' rating with a target price of €13.40 per share. The company's shares are currently gaining 1.10%.
Source: xStation 5
The largest percentage changes in individual companies of 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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