The first trading session in European markets this week brings higher levels of stock indexes. The market is focused on the results of US companies and new fiscal updates in the UK.
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Create account Try a demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 89% chance of a 75bp rate hike at the October ECB meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading higher today and struggling to stay above the 12,500-point level. Source: xStation 5
Monday's German market session brings higher valuations for most economic sectors. Source: Bloomberg
News:
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Lufthansa (LHA.DE) stock valuations are under pressure today on the situation of its subsidiary Eurowings, where pilots began a 3-day strike today. However, the company's shares are trying to resist the events and are gaining nearly 0.6%.
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Drägerwerk (DRW3.DE) shares are losing nearly 7% following the company's gloomy comments. Continued supply chain problems and high material procurement costs are weighing on Drägerwerk, and after a weak quarter, the company cannot maintain its current year outlook.
Banks' recommendations:
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Porsche AG (P911.DE) receives a Sector Perform rating from RBC; Target price at 88 euros.
Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
Largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks of the DAX index (DE30). Source: Bloomberg
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