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Stocks open the week higher, futures slow down bullish momentum
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Sentix index slightly above expectations
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Mynaric (M0Y.DE) gains new client, shares jump sharply higher
The first trading session on the Old Continent this week brings moderate gains for most companies. The German stock index is currently trading up, nevertheless futures have slowed the bullish momentum. The macro calendar for today is relatively empty. Instead, investors will focus on speeches by bankers from the Fed and the BoE.
The Sentix index, which gauges the expectations of financial investors, pointed to a better-than-expected reading of -17.5 versus forecasts of -18.1.
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Open account Try demo Download mobile app Download mobile appInvestor sentiment on the Old Continent is moderately positive. Most of the companies are currently recording increases, no less their scale is relatively small. Source: xStation 5
Company news and bank recommendations:
Shares of Mynaric (M0Y.DE) are gaining more than 13.5% today on the back of an agreement with a new, undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order is worth about $24 million.
Shares of Mynaric (M0Y.DE) remain in the zone of all-time lows. Source: xStation 5
UBS maintains its "buy" recommendations on shares of Merck KGAA (MRK.DE) and Bayer (BAYN.DE).
Morgan Stanley is raising its recommendation on Allianz (ALV.DE) to "buy." Target price set at 248 euros vs. previous 205 euros.
DE30 technical analysis:
DE30 futures broke above the zone of recent peaks on Friday and opened a path toward the next resistance near the 15,000-point level. However, it is worth noting that on a daily basis, the index is in an overbought zone according to the RSI indicator. Source: xStation 5
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