- Stocks in Europe trade slightly lower
- Daimler (DAI.DE) wants to start producing its own batteries
- Deutsche Bank (DBK.DE) starts cooperation with Fiserv Inc. (FISV.US)
European indices are trading slightly lower today, following Monday's rally as investors focus on the Eurozone consumer confidence flash reading and FED Chair Powell testimony. Meanwhile Germany's Chancellor Merkel said that German industry has gotten through the pandemic better than in some other European countries. State aid is necessary as an exceptional measure, but it must be rolled back when the situation improves as the government needs to get the public finances back in order in coming years.
Yesterday DE30 tried to erase last week's losses, however the upward move was halted by the 50 SMA (green line) and index pulled back to the local support at 15511.5 pts. As long as the price sits above it, further upward impulse is possible. On the other hand, should a break lower occur, then downward move may accelerate towards support at 15280 pts which coincides with 50% Fibonacci retracement of the recent upward wave. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appDaimler AG (DAI.DE) would like to start manufacturing its own batteries due to delays and cell sample problems faced by their battery supplier Farasis Energy, according to Business Insider. The magazine said it was unclear whether Daimler wants to manufacture the battery cells completely on its own or in co-operation with a partner.
Deutsche Bank (DBK.DE) will launch a joint venture with U.S. payments giant Fiserv Inc. (FISV.US) to offer customers payments-processing services. Thanks to the cooperation Deutsche Bank’s business clients will be able to receive payments from customers, both in person and digitally, through Fiserv’s platform called Clover, which reads credit cards, debit cards and mobile wallets, and records orders and inventory.
Deutsche Bank (DBK.DE) stock launched today's session lower, unable to break above 200 SMA ( red line). Currently price is heading toward major support at €10.70 which coincides with the lower limit of the 1:1 structure and the upward trendline. Should break lower occur, downward move may accelerate towards next support at €.9.71. The nearest resistance lies at €11.20 and only a break above this level may lead to a bigger upward move. Source: xStation5
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