- A mixed start to a new week of trading in Europe
- Jefferies positive on Jungheinrich (JUN3.DE) and Kion (KGX.DE)
- BAE Systems (BA.UK) wins bid to build advanced submarines
General market situation:
Monday's trading session on European markets brings mixed sentiment from investors, who are looking hesitantly at this week's scheduled macro readings.
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Create account Try a demo Download mobile app Download mobile appToday's revisions to the PMI data for industry were mixed - data from France were revised upward, while data from Germany were revised slightly downward. The index for the Eurozone as a whole was approved at 43.4. The key conclusion remains unchanged - the manufacturing sector in major European economies remains in recession.
At the moment, companies listed in Europe are trading at mixed levels. Companies in the fuel sector are doing relatively well today. Source: xStation 5
Futures quotations based on the German DE30 index are not recording excessive price deviations on an intraday basis. The benchmark failed to break out above the 200-day exponential moving average (golden curve). Source: xStation 5
News:
Jefferies reissued analyst coverage on shares of Kion (KGX.DE) with a "buy" rating and a target price of €48 per share (+32% relative to Friday's closing price). The company's shares are currently losing nearly 1%.
The company's shares are currently trading close to the resistance zone defined by the 50-week exponential moving average (blue curve). Source: xStation 5
Jefferies was also positive on shares of Jungheinrich (JUN3.DE). Coverage in this case also resumed at the "buy" level; the target price was set at 39 euros (+38% relative to Friday's closing price). The company's shares are currently gaining nearly 2%.
Source: xStation 5
Britain's largest defense company and one of the largest of its kind in the world, BAE Systems (BA.UK) has won a €4.56 billion contract to build next-generation SSN-AUKUS (nuclear-powered) submarines. The vessels will be the most advanced and most powerful pillar of the Royal Navy's submarine fleet. The company's shares are currently gaining nearly 1%.
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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