Wednesday's session on European markets brings mixed sentiment among investors. Today, investors' attention is focused on the Midterms results and tomorrow's CPI inflation report
The swaps market is currently pricing in a near 64% 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 seeing moderate declines today. Source: xStation 5
Wednesday's session on the German market brings mixed valuations for most sectors of the economy. Source: Bloomberg
News:
Adidas (ADS.DE) is posting sizable gains today on the release of its Q3 results and the announcement of the end of the Yezzy brand. The company lowered its earnings forecasts due to the end of its partnership with Ye, formerly known as Kanye West.
Source: Bloomberg
Siemens Healthineers (SHL.DE) is gaining nearly 2.5% today on the announcement of cost cutting to counter inflation. The unit in question is mainly the diagnostics unit. The company also lowered earnings forecasts for that part of the business.
Bank recommendations:
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Deutsche Post (DPW.DE) downgraded to "neutral" by JPMorgan. Target price at 41.5 euros.
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Krones (KRN.DE) downgraded to "hold" by HSBC. Target price at 110 euros.
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 of the DAX index (DE30). Source: Bloomberg
Daily Summary: CPI down, Markets Up
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