CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DE30: European markets continue recovery

10:42 14 May 2021
  • European markets continue recovery

  • DE30 trades near 15,300 pts

  • Volkswagen's deliveries jumped 75.2% in April

European stock markets continue to recover from the sell-off that occured in the first half of the week. Gains can be spotted all across the Old Continent with Polish WIG20 (W20) being the laggard trading 0.7% down at press time. Indices from Portugal and Spain are European top perfromers today.

Source: xStation5

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

DE30 staged a massive reversal yesterday. The index was trading almost 2% lower at one point of yesterday's trading but has managed to recover losses and finish the day around 1% higher. DE30 climbed during the Asian session and tested resistance zone ranging below 78.6% retracement (15,328 pts). However, index was unable to break above it and pulled back after the opening of the cash session. Pullback was halted at the price zone marked with 61.8% retracement and 100-hour moving average (blue line). Two key near-term levels to watch are marked with the aforementioned retracements - 61.8% (support) and 78.6% (resistance). US retail sales data release at 1:30 pm BST may trigger a jump in volatility so traders should stay on guard.

Company News

Volkswagen (VOW1.DE) announced that Group deliveries jumped 75.2% YoY, to 829.8 thousand units. Year-to-date deliveries (January - April) reached 2.48 million units and were 31.5% YoY higher.

Allianz Global Investors, asset management unit of Allianz (ALV.DE), is evaluating potential opportunities for consolidation within the sector. Tobias Pross, CEO of Allianz Global Investors, said that the company may pursue deals but only under condition that value creation is clear and tangible.

Siemens Digital Industries Software, a business unit of Siemens (SIE.DE), announced that it acquired Fractal Technologies, the Dutch company developing IP validation solutions. Acquisition will help Siemens improve the quality of its integrated circuit designs as well as help their customers more quickly and more easily validate internal and external IPs. Acquisition was closed in May but no financial details were disclosed.

Allianz (ALV.DE) launched today's trading with a bullish price gap as stock markets continued to recover from this week's sell-off. Stock jumped back above the 200-hour moving average for the first time since May 5, 2021 and continued to move higher after session launch. The near-term resistance zone for Allianz can be found ranging between €218.30 handle and the 78.6% retracement of the drop started on May 5. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language