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Markets in Europe start the week with moderate gains
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However, bullish mood is extinguished by uncertainty ahead of tomorrow's US inflation reading
This week's first trading session on markets from the Old Continent brings a slightly better mood among investors. European indices are currently posting moderate gains, but their scale is small due to the uncertainty arising from tomorrow's US CPI inflation reading. The macro calendar for today's session does not contain any important publications for investors. After the end of the session on Wall Street, their quarterly results will be presented by: Palantir Technologies (PLTR.US) and SolarEdge Technologies (SEDG.US).
Investor sentiment on the Old Continent improved at the beginning of the week. The majority of European companies are now recording rises. Source: xStation 5
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- The shares of Befesa (BFSA.DE) are trading down nearly 4% today following the downgrade to "equal-weight" by Morgan Stanley. Target price at €52.
- Siltronic (WAF.DE) is currently losing close to 5% after its recommendation was downgraded by Berenberg. Such a low rating dictated by the threat to the stock. In the research, analyst Gustav Froberg of private bank Berenberg referred to weaker demand for consumer electronics such as PCs and smartphones, which has resulted in an increase in Siltronic's customers' electronic component inventories. This is likely to have an impact on the silicon wafer manufacturer, the expert believes, and revoked his buy recommendation.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
Companies currently trading the highest and key information from each. Source: Bloomberg
DE30 chart:
DE30 futures are trading at mixed levels at the start of the week. Source: xStation 5
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