Wednesday's session on markets from the Old Continent brings an extension of the upward momentum on major company valuations. Investors' attention today is primarily drawn to the FOMC minutes and the US ISM manufacturing reading.
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Create account Try a demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 88% chance of a 50 bps rate hike at the ECB meeting in February. A 50bp hike seems certain and in line with the ECB's announcements at its last meeting. Source: Bloomberg
Tuesday's German market session brings improved sentiment among most sectors of the economy. Source: Bloomberg
News:
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The best performing sectors today are primarily real estate and banks. The shares of Deutsche Bank (DBK.DE) and Commerzbank (CBK.DE) are gaining 4.5% and 3.4%, respectively.
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Merck KGaA (MRK.DE) shares are also up nearly 3.5%. The reason for the rallies is the company's designation as "best type for 2023" by JP Morgan analysts.
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Siemens (SIE.DE) shares are gaining more than 1.3% today on the back of Bernstein Research's upgraded recommendation. The target price was raised from 100 euros to 132 euros.
Analyst action:
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Lufthansa (LHA.DE) shares were upgraded by AlphaValue/Baader to a "reduce" rating from an earlier "sell."
Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes in the companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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