- DAX reaches new record high
- European shares on course for 10th day of gains
- Adidas (ADS.DE) is selling Reebok to Authentic Brands
European indices rose for a tenth straight session on Friday, with DAX at new all-time highs as investors seize on a dip in U.S. inflation and strong earnings season. The mood on European stock markets stands in contrast to the situation in Asia, where concerns about regulatory crackdown in China and the spread of the Delta variant adversely affected market sentiment.
DE30 extended recent gains and hit new all-time highs on Friday. Currently index is testing upper limit of the ascending channel. Should break higher occur upward move may accelerate. On the other hand, if the bullish momentum weakens then the nearest support to watch lies around 15,800 pts area. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appAdidas (ADS.DE) will sells Reebok brand to Authentic Brands for $ 2.5 billion due to disappointing sales figures. The deal is expected to be finalized at the beginning of 2022. Adidas acquired Reebok in 2006 for $3.8 billion as the German company wanted to compete with Nike (NKE.US).
Adidas (ADS.DE) stock launched today’s session wit a bullish price gap and broke above the local resistance at €317.60 which coincides with 38.2 Fibonacci retracement of the last downward wave. If the current sentiment prevails, then downward move may accelerate towards all-time high at €335.80. On the other hand, if sellers manage to regain control, then support at €312.70 may be at risk. This level is marked with 23.6 Fibonacci retracement and 200 SMA (red line). Source: xStation5
Delivery Hero (DHER.DE) is considering notching up its investments beyond the initial plan, as it seeks to ride the first-half momentum to win more market share, the German online food takeaway firm's finance chief said on Thursday.
Deutsche Telekom (DTE.DE) is in active talks on the sale of its Dutch unit, CEO Tim Hoettges said on Thursday. "We are in the middle of a transaction in Holland - a very intensive bidding process," Hoettges told reporters on a call while declining to comment further.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
