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European indices extend gains after ECB decision
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Investors await, among other things, data from Canada and statements by Fed members
This week's last trading session brings positive sentiment on the trading floors of the Old Continent. The macro calendar for today is relatively empty. Europe's energy and finance ministers will meet today to discuss ways to deal with soaring energy prices and may provide more details on the price cap on Russian gas. Investors will also be presented with labor market data from Canada and several speeches by Fed members.
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Create account Try a demo Download mobile app Download mobile appThe swaps market now takes for granted a 75bps rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading up today and are back above the 13,000-point level. Source: xStation 5
The last session on the German trading floor this week brought an improvement in sentiment among all sectors .
Deutsche Bank (DBK.DE) continues the gains from yesterday and is trading up more than 3% today.
Good sentiment is also seen on Deutsche Telekom (DTE.DE) shares, which are benefiting from the news of the announcement of a €14 billion share buyback program.
Positively surprising are the shares of Uniper (UN01.DE), which are gaining 9% today.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
Bank recommendations:
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Deutsche Telekom (DTE.DE) with an increased target price by Deutsche Bank to €29.5 from €26.5
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Hannover Rueck (HNR.DE) with an increased target price by Deutsche Bank to €190 from €180
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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