- German DE30 stays in the zone of historical highs
- Luxury goods companies lead Friday's session
- Investors' attention turns to the US NFP report
Overall market situation:
This week's last trading session brings gains on European stock exchanges. Luxury goods companies are doing very well today, gaining after the conglomerate Kering (KER.FR) announced its dividend for 2023. Investors' attention today will focus primarily on the NFP report from the US, which will be the last such important report before next week's scheduled FOMC meeting.
European companies traded up during Friday's trading session at the moment. Source: xStation 5
The DE30 does not see excessive volatility during the European session, but it remains in the zone of all-time highs. Source: xStation 5
News:
In their annual outlook, JPMorgan analysts put Siemens Energy (ENR.DE) shares on a list of "stocks to avoid."
"Negative surprises at Siemens Gamesa have undermined confidence in management," the JPM analyst said, referring to the numerous profit warnings issued by the Siemens Energy subsidiary. Siemens Gamesa is posting significant losses and is unlikely to reach profitability until the 2025/26 fiscal year, two years later than originally planned, the JP Morgan analysts added.
The company's shares are currently losing more than 2.1%. Source: xStation
On the broad market, fashion companies are doing very well today after Kering (KER.FR) declared a dividend payment for 2023 of €4.5 per share. The company's shares are currently gaining more than 2.8%. LVMH (MC.FR) shares are gaining 2.3%, and Hermes (RMS.FR) shares are up more than 1.6%.
Source: xStation
Shares of French company Vivendi (VIV.FR) are gaining 2.2% in today's session, as the company is set to replace Worldline (WLN.FR) in the CAC40 index starting December 18.
Source: xStation
Analyst recommendations:
* MTU Aero (MTX.DE): Deutsche Bank downgraded its recommendation on the company's shares to a "hold" rating. Target price set at €199.
* Siemens Energy (ENR.DE): J.P. Morgan downgraded its recommendations on the company's shares to an "underweight" rating. Target price set at €9.2.
* Nemetschek (NEM.DE): Berenberg downgraded its recommendation for the company's shares to a "hold" rating. Target price at €78.
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