-
DE30 loses and stays below 13,000 points
-
Inflation in Europe accelerates
Today's German trading session brings declines in the DAX index. Russia will stop supplying gas via Nord Stream 1 from today until September 2, as announced. Eurozone's inflation rose to 9.1% in August against forecasts of 9%, slightly raising the chance of a 75 basis point rate hike at next week's ECB meeting.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe swaps market is currently pricing in a 69% chance of a 75 basis point rate hike by the ECB at its meeting next week. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are posting moderate losses today and remain below the 13,000-point barrier. Source: xStation 5
Wednesday's German trading session brings declines in most components of the DAX index. Telecoms and technology companies are doing relatively well. The automotive sector is doing poorly, where investors have halted the market euphoria associated with the Porsche AG IPO.
Analyst action:
-
Deutsche Bank lowered its target price for Covestro AG (1COV.DE) shares from 65 euros to 60 euros.
-
Deutsche Bank lowered its target price for Credit Suisse Group (CSGN.CH) shares from 7 francs to 6 francs.
-
RBC raised its target price for Fraport (FRA.DE) shares to 36 euros from 33 euros.
-
Deutsche Bank lowered its target price for Geberit (GEBN.CH) shares to 495 francs from 650 francs.
-
Citigroup raised its target price for Hugo Boss (BOSS.DE) shares from 56 euros to 61 euros.
-
Citigroup lowered its target price for Munich Re (MUV2.DE) shares from 276.5 euros to 263.4 euros.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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.
