Wednesday's trading session on European markets brings mixed sentiment. The DE30 is trading lower and pricing in yesterday's geopolitical concerns over an alleged missile attack in Poland. Investors' attention today is focused on macro readings, with US retail sales and industrial production data.
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Open account Try demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 35% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. Source: xStation 5
Wednesday's German market session brings lower valuations for most economic sectors. Source: Bloomberg
News:
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Increasing competition in China's EV sector is putting pressure on Mercedes-Benz (MBG.DE) shares, which are losing nearly 6.5% today. Competitive prices from other companies are translating into lower sales.
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Yesterday's geopolitical turmoil in Poland is driving the stock prices of companies in the defense sector. Rheinmetall (RHM.DE) shares gained as much as 5.5% today, but the latest information in the case indicates that the explosion was triggered by Ukrainian anti-aircraft missiles.
Bank recommendations:
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Delivery Hero (DHER.DE) upgraded to "buy" by HSBC. Target price at 65 euros; previously it was 55 euros.
Changes in the institution's 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 in the DAX index (DE30). Source: Bloomberg
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