-
Attention focused on the US CPI report
-
Siemens Healthineers (SHL.DE) loses sharply after quarterly results
Wednesday's trading session on the European markets brings better sentiment among investors who were pleased by the lower US inflation reading. The German DAX (DE30) is recording slight gains today and has broken above the psychological level of 16,000 points. Investors' attention is primarily focused today on the CPI inflation reading from the USA, which fell. Investors involved in the oil market will also learn about weekly data on inventories of this commodity and other petroleum products in the USA. The inflation report from Germany for April fell in line with analysts' expectations.
The mood in Europe during Wednesday's trading session is relatively positive. Source: xStation
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appNews:
The shares of Brenntag (BNR.DE) are posting slight rises today following the publication of better-than-expected quarterly results. The increase in EBITDA, which came in at EUR 420.4 million (forecast at EUR 399.4 million), caught investors' attention in particular. However, sales levels failed to beat the analyst consensus of €4.63 billion (actual reading: €4.53 billion). The company did not change its full-year forecasts (EBITDA in the range of €1.3bn - €1.5bn). The year 2023 is expected to remain challenging for the company's business environment.
Chart of Brenntag (BNR.DE) shares, D1 interval. The company's shares continue their upward momentum and are testing the resistance level set by the 61.8% Fibo retracement of the downward impulse initiated in August 2021. Source: xStation 5
The shares of Siemens Healthineers (SHL.DE) fared much worse today, with nearly 7.4% declines at the time of writing. The reason for such large sell-offs is the weaker-than-expected quarterly results, in particular weakness in the diagnostics sector and lower margins. The company views the future outlook for adjusted EBIT and diagnostics revenue with uncertainty. Nevertheless, adjusted EPS is expected to remain between €2-2.2; analysts had forecast €2.05.
The shares of Siemens Healthineers (SHL.DE) are descending towards the supports defined by the 50-, 100- and 200-day exponential moving averages (blue, purple and gold curves, respectively). Source: xStation 5
Changes in institutional holdings in individual DAX index companies (last session's data). Source: Bloomberg
Largest percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart
Futures based on the German DAX index (DE30) are trading down moderately today, but nevertheless remain within striking distance of the psychological level of 16,000 points. Source: xStation 5
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.
