- DE30 gains ahead of ECB minutes and US CPI report
- Benchmark tests important resistance levels
General market situation:
Thursday's session on European markets brings a continuation of gains in the quotations of the local stock market benchmarks. The German DE30 gains 0.6%, the French FRA40 adds 0.35%, and the Italian ITA40 gains 0.85%. The further course of today's session and a possible test of the current gains may be sparked by the macro readings scheduled for today, including: ECB minutes, the US CPI report and unemployment benefits data.
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At the moment, most of the companies listed in Europe during Thursday's trading session are posting gains. Source: xStation 5
Futures based on the German DE30 are trading nearly 0.6% higher intraday. The benchmark is currently testing resistance levels set by the psychological barrier of 15700 points and the 50-day exponential moving average (blue curve). Source: xStation 5
News:
DBS Bank initiated analyst coverage of Gerresheimer (GXI.DE) with a "buy" rating. The target price has been set at €120 per share (implying an 18% increase over yesterday's closing price). The company's shares are currently gaining nearly 2.7%.
Source: xStation 5
Nordex (NDX1.DE) received orders for 365 wind turbines with a total rated capacity of 2.2 gigawatts in the third quarter, up from 277 wind turbines and 1.4 GW in the previous quarter, the company said in a statement. The average selling price rose to €0.85 million/MW from €0.82 million/MW in the first nine months. The company's shares are currently gaining nearly 1.5%.
Source: xStation 5
High profitability in the sugar sector supported Suedzucker's (SZU.DE) Q2 results, which beat analysts' expectations. The company's shares are currently gaining nearly 0.93%.
The company's results and forecasts for 2024. Source: Bloomberg Finance L.P.
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
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