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European stocks trade mixed
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DE30 tests resistance at 15,565 pts
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BMW and Infineon released earnings reports
European stock market indices are trading mixed on Tuesday. German DAX (DE30) trades flat, UK FTSE 100 (UK100) and French CAC40 (FRA40) gain while Dutch AEX (NED25) and Spanish IBEX (SPA35) drop. Downbeat moods from the Asian session did not spill over to Europe but investors seem to remain cautious.
Source: xStation5
DE30 halted yesterday's sell-off at 200-hour moving average in the 15,500 pts area. Index recovered and is now making another attempt of breaking back above 15,565 pts resistance. In case bulls failed to push the price above, a pullback towards the aforementioned 15,500 pts area may be the next move. There are no major macro releases scheduled for today therefore the session ahead may be a rather calm one. The 15,645 pts area is the resistance zone to watch in case of a break above 15,565 pts.
Company News
BMW (BMW.DE) reported solid financial results for Q2 2021. German car maker reported Q2 net profit at €4.8 billion (exp. €2.2 billion), up from €0.212 billion loss in Q2 2020. EBIT margin in the automotive segment reached 15.8%. Sales reached €28.58 billion, up 43.1% year-over-year. BMW delivered 44.7% more cars in Q2 2021 (702,441 units) than in Q2 2020. Company said that it expects a full-year operating margin near the top end of its forecast range (7-9%).
Infineon Technologies (IFX.DE) reported calendar Q2 sales at €2.72 billion, up from €2.17 billion in Q2 2020. Net profit reached €245 million, up from €128 million loss a year ago. Adjusted EBIT increased from €220 million to €496 million with adjusted EBIT margin jumping from 10.1% to 18.2%. CEO Infineon said that inventories remain at historically low levels and supply constraints slow production, especially in Asia. Company expects sales in calendar Q3 to come in at around €2.9 billion and adjusted EBIT margin at around 19%. Company expects full-year revenue at around €11 billion.
BMW (BMW.DE) trades lower following the release of the Q2 2021 earnings report. Shares launched today's session lower and are now testing support zone ranging around 38.2% retracement of the upward impulse launched in late-October 2020 (€81.50). Breaking below this zone would pave the way for a test of the 200-session moving average in the €79 area (purple line). Source: xStation5
Daily summary: Equities rally as markets await Trump-Xi talks; precious metals decline on risk-on (27.10.2025)
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