- European stocks rally on US stimulus hopes
- SAP-owned Qualtrics files for U.S. IPO
- DE30 hits all-time high
European indices launched today's session higher amid hopes of a quicker economic recovery in 2021, following the launch of Europe's cross-border vaccination programme and relief for a Brexit deal. Investors also welcomed the news that the US House of Representatives voted to raise pandemic relief payments to $2,000 from $600, a measure that still needs to be approved by the Senate.
DE30 reached a new all-time high after the House backed higher stimulus checks. Next potential targets for buyers are located at 127.2% and 161.8% Fibonacci retracements. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appTwo years ago SAP SE (SAP.DE) acquired Qualtrics International Inc for $8 billion just days before a planned initial public offering. Now the survey-software seller expects to go public after all. Qualtrics will have two classes of common stock upon completion of the offering, with SAP America Inc set to own all 423.2 million Class B shares and remain the controlling shareholder, according to a regulatory filing. Qualtrics co-founder Ryan Smith, who recently acquired the NBA’s Utah Jazz for $1.66 billion, is expected to be Qualtrics’ largest individual shareholder with 6 million shares.
SAP SE (SAP.DE) – last week stock bounced off the lower limit of upward channel which coincides with 50 SMA (green line). Stock launched today’s session with a bullish price gap and is trading above the major resistance at $106.35. Should upbeat moods prevail, resistance at 111.50 may come into play. Source: xStation5
Daimler (DAI.DE) announced a long-term strategic collaboration with software giant Infosys for a technology-driven IT infrastructure. Daimler will gain access to Infosys Cobalt and other leading cloud providers to enable multi-cloud transformation with a smart hybrid cloud solution.
Volkswagen Group (VOW3.DE) has developed a mobile electric vehicle charger that can autonomously navigate parking areas, power up an EV and then make its way back to its outpost without the intervention of humans. VW Group plans to build and sell 1.5 million electric cars by 2025.
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