- DE30 slightly loses during Tuesday's session
- The economic calendar for today's session is relatively poor
- RWE outlines strategy for future years of operations
General market situation:
The DAX is not experiencing excessive volatility during Tuesday's session. Investors are eagerly awaiting the expected inflation reports from the Eurozone and the US (PCE). Today the macro calendar is relatively empty. As of 12:30 am GMT, the German DE30 was losing 0.12% and trading at 15,980 points.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appMost of the companies listed during Tuesday's trading session are currently losing. Source: xStation
Contracts based on the German DE30 are trading nearly 0.15% lower intraday and are going below the key resistance barrier set by the 16,000-point level. A possible sustained breakout below these structures could open the way for further declines toward the 15,700-point barrier. On the other hand, possible rises could lead to a retest of the local session peaks of late August and early September 2023. Source: xStation 5
News:
RWE (RWE.DE) shares jumped 4.1% in today's session. RWE has set higher targets for the current decade. Between 2024 and 2030, the company has announced plans to invest nearly €55 billion net globally and expand its green portfolio to more than 65 gigawatts. Shareholders will also benefit from the company's ambitions. The dividend is expected to grow by up to 10 percent a year. In 2024, the dividend is expected to increase to €1.10 per share. In 2023, the dividend is expected to be a round €1 per share.
Source: xStation
Rolls-Royce (RR.UK) unveiled new profit targets and sales plans for its electric aircraft division. The company said it aims to raise operating margins in its core civil aviation business from 2.5 percent in 2022 to 15-17 percent by around 2027. What's more, the company is looking for annual savings of up to £500 million and is targeting £3.1 billion in free cash flow by around 2027. The company's shares are gaining more than 5 percent today.
Analyst recommendations:
* Continental (CON.DE): Berenberg raised his recommendation for the stock to a "buy" rating in view of the positive risk/reward ratio. Target price set at €83 (previously €68). "After years of weak operating results for the automotive equipment division, we are more confident in the trajectory of margin growth beyond fiscal 2023," explained Berenberg's analyst.
* Infineon (IFX.DE): Jefferies raised its recommendation on the stock to a "buy" rating. Target price set at 46 euros (previously it was 40 euros). According to Jefferies, in the short term, falling earnings expectations have long been priced in.
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.