Thursday's German trading session brings declines in the valuations of the stocks comprising the DAX index. Investors' attention after yesterday's FOMC decision remains all the time in the sphere of central banks, which today decide on their monetary policy. Ahead of investors is the BoE and ECB decision, which will certainly provide more volatility in the FX market. A little later, we will learn data on US retail sales and unemployment benefits.
The swaps market is currently pricing in a near 17% chance of a 75bp rate hike at today's ECB meeting. A 50-bp hike seems to be a complete foregone conclusion. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips are trading down during today's session. Source: xStation 5
Thursday's session on the German market brings declines in most sectors of the economy. Source: Bloomberg
News:
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Today's session brings clear weakness in the broad stock market. Ceconomy (CEC.DE) shares are doing worst, following the publication of a warning about the worsening economic outlook. Sales and profit levels are expected to fall next year if demand is subjected to difficulties related to the tough economic environment. The owner of the MediaMarkt and Saturn brands generated adjusted EBIT of €197 million for the fiscal year, compared with €237 million a year ago.
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The weak sentiment is also reflected in the shares of Zalando (ZAL.DE), whose shares are currently losing more than 4.5%.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks of the DAX index (DE30). Source: Bloomberg
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