- Germany and Poland to introduce controls at their borders - Politico
- Volkswagen sees a decline in demand for EVs
Overall market situation:
Stock market sentiment during Wednesday's session in Europe is relatively mixed. The beginning of the session brought clear rallies in stock market indices, which, however, relatively quickly began to wipe out the early gains. Investors' attention is primarily focused today on US retail sales readings. Moreover, investors are increasingly concerned about a more permanent economic slowdown on the Old Continent, which today also seemed to be confirmed by reports for Germany, which indicated that this economy will contract by 0.6% in 2023.
At the moment, most of the companies listed in Europe during Wednesday's trading session are posting gains. However, it is worth noting that the percentage of companies gaining has decreased since the start of the session. Source: xStation 5
Futures contracts based on the German DAX are gaining slightly on an intraday basis, nevertheless, most of these increases have already been erased. Source: xStation 5
News:
Volkswagen (VOW1.DE) is scaling back production of electric cars at German factories due to falling demand for EVs. The cars in question are primarily the ID.3 and Cupra Born, produced at plants in Zwickau and Dresden, Germany. The company's shares are losing more than 1.8% today.
Source: xStation
Five economic institutes predict that Germany's gross domestic product will shrink by 0.6% in 2023, In 2024, however, GDP is expected to grow by 1.3% and inflation will reach 2.6% y/y.
Germany and Poland will introduce checkpoints at their borders to control the flow of migrants, according to news agencies.
Powerful rallies on the German stock market today are being recorded by Deutsche Bank (DBK.DE) shares, which are also leading the gains in the DAX index. At this point, however, it seems that the scale of these moves has not been triggered by a specific factor.
HSBC downgraded its recommendation on TAG Immobilien (TEG.DE) shares to a "hold" rating. The target price was set at €11.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
📉 Microsoft Q1 2026 Earnings: Strong Numbers Mask Investor Anxiety Over AI Spending
🚀 Alphabet Soars on AI-Driven Results, Shares Rally 7% in After-Hours Trading
Meta drops 8% despite strong revenue growth 🔎
Upcoming Meta earnings: will the AI transformation be well received by the market? 🔎
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.
