Wednesday's session in stock markets was all about waiting for interest rate decisions in the US. In the morning, we learned PMI data from Europe, which came in slightly below forecasts. ADP data from the US surprised on the upside, which caused a slight downward pressure on stock index valuations.
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The swaps market is currently pricing in a near 50% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips are trading at mixed levels today. Source: xStation 5
Wednesday's session on the German market brings mixed valuations for most sectors of the economy. Source: Bloomberg
News:
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TeamViewer (TMV.DE) shares are gaining more than 17% today on the release of strong quarterly results. Sentiment was particularly helped by news that the company maintained its annual earnings forecasts.
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Norma (NOEJ.DE) also reported its results, whose quarterly results positively surprised the market.
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Source: Bloomberg
Bank recommendations:
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Deutsche Telekom (DTE.DE) with target price raised to €27 from €26 by Deutsche Bank.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes in the companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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