CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DE30 pulls back after failed test of 15,950 pts area

11:02 18 August 2021
  • Stocks in Western Europe trade lower

  • DE30 failed to break above local high at 15,950 pts

  • Deutsche Post acquires Hillebrand for €1.5 billion

European stock market indices are trading a touch lower on Wednesday. Indices from the eastern part of the Old Continent are top laggards with Russian RTS dropping 0.6% and Polish WIG20 declining 0.8%. Among today's European leaders one can find indices from Sweden, Portugal, Spain and Switzerland. FOMC minutes release at 7:00 pm BST is a key macro event of the day but market does not expect that it will turn out to be surprise and trigger large market moves.

Source: xStation5

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

DE30 failed to break above a local high at 15,950 pts and is turned lower today. However, it looks like bulls have managed to halt decline near the 33-period EMA (H4 interval). Such a development boosts odds for the index to climb back above the short-term upward trendline and retest the aforementioned 15,950 pts area. Note that this also marks a neckline of a short-term double bottom pattern. Textbook range of the breakout from this pattern is around 115 points so DE30 would find itself on fresh all-time highs should it realize it. 

Company News

Deutsche Post (DPW.DE) announced on Tuesday that it has agreed to acquire Hillebrand for €1.5 billion. Hillebrand is a drinks shipping company. This is the largest acquisition Deutsche Post has made since 2005 and will help strengthen its seaborne unit. Deutsche Post said that the drinks shipping business has a higher margin than its freight-forwarding business.

Wacker Chemie (WCH.DE) signed a supply agreement with a division of JinkoSolar Holding, one of the world's largest solar panel producers. Under the terms of the agreement, Wacker Chemie will supply JinkoSolar with 70 thousand tonnes of polysilicon between September 2021 and December 2026. Purchase price will be based on polysilicon market price.

Analysts' actions

  • GEA Group (G1A.DE) upgraded to "hold" at DZ Bank. Price target set at €38

  • Evotec (EVT.DE) downgraded to "hold" at FMR Frankfurt Main. Price target set at €39

Wacker Chemie (WCH.DE) rallied today after announcing a supply agreement with JinkoSolar. Stock trades over 3% higher on the day and has managed to jump above the resistance zone at €134.00. However, the upward move was halted at the next major resistance zone at €139.00 and the stock has pulled back below the €138.00 handle since. Source: xStation5

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.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language