The first trading session of 2023 brings an improvement in sentiment among investors, who decided to go on a post-Christmas shopping spree. On the macro calendar, investors' attention today focused on PMI readings from Europe.
Data:
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Create account Try a demo Download mobile app Download mobile appThe reading from France was revised slightly upward, while German data was not positive, it was revised downward confirming the weak overall state of the eurozone economy.
France, manufacturing PMI for December 49.2 vs. First release: 48.9
Germany, manufacturing PMI for December 47.10 (final). First release: 47.4
The swaps market is currently pricing in a near 90% chance of a 50 bps rate hike at the ECB's February meeting. A 50bp hike seems certain and in line with the ECB's announcements at its last meeting. Source: Bloomberg
Monday's German market session brings improved sentiment among most sectors of the economy. Source: Bloomberg
News:
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The midday of the first trading session on the German stock market this year is conducive to the general mood among investors. As for the largest companies, here the stocks of Continental (CON.DE), Vonovia (VNE.DE) and Mercedes Benz (MBK.DE) stand out in particular. Sartorius (SRT.DE) shares are doing poorly, losing nearly 6%.
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According to media reports, Airbus (AIR.DE) is interested in a minority stake in Atos (ATO.FR). The cyber security company's shares are currently trading up more than 17%.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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