DE30 starts the new trading week with gains

12:50 12 September 2022
  • The Old Continent starts today's session with gains

  • The euphoria around the Porsche AG IPO continues!

The first trading session on the Old Continent this week brings increases in most stock indexes. Although the macro calendar for today is empty, investors learned some interesting readings from the UK.

Source: xStation 5

The swap market is currently pricing a 68% chance of a 75bp rate hike at the October ECB meeting. Source: Bloomberg

DE30 index chart, D1 interval. The benchmark German blue chips are trading up today and are back above the 13,200-point level. Source: xStation 5

The first session on the German market this week brings gains in most sectors of the economy. Large increases are being recorded by, among others: industrials and discretionary goods.

 

HelloFresh (HFG.DE) shares are losing more than 2% today following a warning from the U.S. health agency on some of HelloFresh's ground meat packaging.

VW (VOW1.DE) and Porsche SE (PAH3.DE) shares are doing well, continuing to benefit from the euphoria surrounding Porsche AG's planned IPO. Lutz Meschke, Porsche AG's CFO, indicated that the company wants to be ready for the IPO as soon as possible due to strong investor interest.

 

Changes in institutional 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 of the DAX index (DE30). Source: Bloomberg

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