Tuesday's session on stock markets brings indecision among investors. The German DAX (DE30) index is struggling today against its 200-day exponential moving average. The economic calendar for today is essentially empty, however, investors' attention is focused on the US midterms elections.
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Create account Try a demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 55% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading mixed today and are attacking the region of the 200-day exponential moving average (golden curve). Source: xStation 5
Tuesday's German market session brings mixed valuations for most economic sectors. Source: Bloomberg
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Investors' attention in Germany is primarily focused on the results of Bayer (BAYN.DE). The quarterly results, despite beating investors' expectations, failed to lift the company's shares higher. The shares are currently losing nearly 4%.
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Source: xStation 5
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Fraport (FRA.DE) shares are doing much better, gaining more than 2%. Booming demand for air travel has prompted the Frankfurt airport operator to raise the top end of its earnings forecasts.
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Source: Bloomberg
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
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