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Indices from the Old Continent discount attacks in Ukraine
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Senitx sentiment worse than expectations
The first trading session in Europe this week brings mixed sentiment. Markets are discounting the recent attacks in Ukraine, which once again threaten a stronger escalation of the conflict. Investor sentiment in the Eurozone in October fell to its lowest level since the Covid pandemic. The current reading came out at: -38.3 (forecast: -34.7).
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Create account Try a demo Download mobile app Download mobile appAccording to Sentix, the economic situation is worse than it has been since 2008, when Euroland was still in the aftermath of the global financial crisis. The comments cited a "catastrophic state of economic health." Source: Sentix
The swaps market is currently pricing in a near 82% chance of a 75bp rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading mixed today and struggling to negate some of Friday's declines. Source: xStation 5
Monday's German market session brings mixed valuations for most economic sectors. Source: Bloomberg
News:
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Cyclical companies are among the strongest stocks on the German stock market on Monday. Shares of Thyssenkrupp (TKA.DE), Salzgitter (SZG.DE) and Klöckner & Co (KCO.DE) are also gaining. Proposals by the Federal Government's Expert Committee to lower gas prices are having a positive impact.
Bank recommendations:
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Fraport (FRA.DE) shares rated "underperform" by Jefferies. Target price at €33.
Fresenius Medical (FME.DE) shares downgraded to "hold" by Jefferies. Target price at €29.
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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