Tuesday's German trading session brings slightly better investor sentiment. Nevertheless, these will be put to an important test at 1:30 pm GMT, when the US CPI inflation reading will be published. Today we learned some interesting readings from Germany.
Current conditions. Currently: -61.4; expected: -57.0; previous: -64.5
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Current conditions. Currently: -61.4; expected: -57.0; previous: -64.5
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Economic sentiment. Current: -23.3 Expected: -26.0 Previous: -36.7
As stated in the report, sentiment for the future is improving. Most economists expect inflation to fall in the coming months.
Source: XTB
The swap market is currently pricing in a near 16% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading with moderate gains during today's session. Source: xStation 5
Tuesday's session on the German market brings moderate gains in most sectors of the economy. Source: Bloomberg
News:
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Leading the gains on the German stock market today are the shares of Lufthansa (LHA.DE), which are gaining nearly 4%. Significant growth in demand for airline tickets has raised forecasts for operating profit, which is expected to reach €1.5 billion. Recall that a profit of €1.1 billion was previously expected.
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Similar sentiment can be seen on the shares of Fraport (FRA.DE), which are gaining 2%. Traffic at Frankfurt Airport is rising all the time, and is approaching pre-Pandemic Covid values.
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A buy recommendation issued by UBS on the shares of Wacker Chemie (WCH.DE) boosted the company's shares by more than 6%. The target price at €165, was previously €115.
Changes in the institution's 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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