DE30: Markets from the Old Continent await inflation data from Germany

Tuesday's session on markets from the Old Continent brings an extension of the upward momentum on major company valuations. Investors' attention today is drawn primarily to inflation from Germany, which will be presented in its final form at 1:00 pm GMT.

Data:

December CPI inflation readings from selected German regions:

• North Rhine-Westphalia: 8.7% y/y vs. 10.4% y/y previously

  Bavaria: 9.2% y/y vs 10.9% y/y previously

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  Brandenburg: 9.1% y/y vs 10.5% y/y previously

  Hesse: 8.1% y/y vs 9.7% y/y previously

  Saxony: 8.7% y/y vs 9.9% y/y previously

The swap market is currently pricing in a near 88% chance of a 50 bps rate hike at the ECB's February meeting. 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:

• Brennatg (BNR.DE) shares are gaining more than 4.5% as negotiations related to the Univar takeover are completed. Although the acquisition itself could be associated with business growth and lower costs, the risk of antitrust lawsuits lingered for the company.

• Qube Research has reduced its short position on shares of Covestro (1COV.DE). The entity's shares are gaining more than 3.5% today.

Analyst action:

• Jefferies raised the shares of Fresenius SE (FRE.DE) to "buy" with a target price set at 35 euros. 

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