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PMI data for industry comes out mixed
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Salesforce puts pressure on European software companies
Thursday's session on European markets brings an improvement in investor sentiment. Futures based on the German DAX index (DE30) are up today, but the contracts are still within the zone of important levels defined by the 50-day exponential moving average (blue curve) and the psychological level of 15 700 points. Sentiment is being positively impacted by two factors in particular: 1) the House of Representatives' vote to suspend the debt limit until 1 January 2025. 2) the surprisingly good Caixin PMI data for Chinese industry, which came in above expectations. On the other hand, however, indices in Europe turned out to be relatively mixed.
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Create account Try a demo Download mobile app Download mobile appThe mood in Europe during Thursday's trading session is relatively positive. The worst performing sector at the moment is the luxury goods industry. Source: xStation 5
News:
Heidelberg Cement (HEI.DE) shares gain more than 1% after investment bank JP Morgan raised its recommendation for the company's shares to an overweight rating.
European software stocks are under downward pressure today from the weak reaction to Salesforce (CRM.US). Although the company's results beat expectations, corporate sentiment was dampened by significantly higher costs and comments signalling the withdrawal of customers from large contracts.
According to media sources, Airbus (AIR.DE) aircraft deliveries in are expected to reach at least 60 aircraft. This represents an increase of around 30% compared to the same month last year. Materialisation of this scenario would raise the number of deliveries so far this year to more than 220 aircraft. The company's shares are currently gaining more than 1.5%.
Airbus (AIR.DE) price chart, D1 interval. Source: xStation5
Major percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart
Futures based on the German DAX index (DE30) are up today, but the contracts are still in the zone of important levels defined by the 50-day exponential moving average (blue curve) and the psychological level of 15 700 points. Source: xStation 5
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