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DE30 struggles to break through the 16,000 point level
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Russian authorities have agreed to sell Volkswagen's asset
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Infineon Technologies acquires AI and ML company
Tuesday's trading session on the European markets brings mixed sentiment among investors. The German DAX (DE30) is posting slight gains today and is once again testing resistance at the 16,000-point level. Investor sentiment deteriorated slightly after the reading of weaker US retail sales data.
The mood in Europe during Tuesday's trading session is relatively mixed. Source: xStation 5
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HSBC Bank downgraded its recommendation on the shares of Siemens Healthineers (SHL.DE) to a 'hold' rating. Target price set at €57.
Russian authorities agreed to the sale of Volkswagen (VOW1.DE) assets by Russian car dealership group Avilon for up to €125 million.
Deutsche Post (DPW.DE) gave notice that postage stamp prices must be increased from next year, due to rising operating costs. The company has applied to the federal network regulator to lift the price cap currently in place until the end of 2024, with a view to raising postage stamp prices next year.
Infineon Technologies AG (IFX.DE) has acquired Stockholm-based Imagimob AB, a machine learning platform company. With this acquisition, Infineon strengthens its position with a world-class machine learning solution. The German company is acquiring 100% of Imagimob AB. Both parties have agreed not to disclose the amount of the transaction.
The shares of Infineon (IFX.DE) are currently testing the resistance set by the 50-day exponential moving average (blue curve). Source: xStation5
Major percentage changes and news from individual companies in the DAX index. Source: Bloomberg
DE30 chart
Futures based on the German DAX index (DE30) are trading moderately up today. Source: xStation 5
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