- European markets in a calm atmosphere at the start of the week
- Credit Agricole (ACA.FR) has taken a nearly 7% stake in Worldline (WLN.FR)
- BofA downgrades shares in Commerzbank (CBK.DE)
General market situation:
The first trading session in Europe in the new trading week is proceeding in a relatively good atmosphere. Most companies are currently posting gains, although the indices themselves are not showing excessive volatility.
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Open account Try demo Download mobile app Download mobile appInvestors have a relatively quiet day ahead of them today in terms of macro publications. The current week, which is full of very important events (ECB decision, BoC, important data from the euro area and the US) will start quietly for investors on both sides of the Atlantic. The main reading of the day will be the Conference Board index, which will shed more light on the momentum of the US economy.
European companies listed during Monday's trading session are mostly gaining at the moment. Source: xStation 5
The German benchmark DE40 has remained in the zone of Friday's closes during today's session. Despite the initial increases observed at the beginning of the session, these movements have been negated. The main levels to watch all the time remain the areas of minima near 16460 points (50-day EMA) and local peaks near 17120 points. Source: xStation 5
News:
In Germany, Hypoport (HYQ.DE) published key transaction volume data on the Europace lending platform. These were very well received, as evidenced by an almost s7% increase in the share price. For the first time since the beginning of the real estate crisis, more construction loans, instalment loans and home loans and savings contracts were mediated through Europace than in the same period last year.
Source: Bloomberg Financial LP
The shares of Commerzbank (CBK.DE) are experiencing massive declines today after analysts at BofA downgraded their recommendation on the company's shares to an "underperform" rating. The shares are currently losing more than 3.3%.
Credit Agricole Bank (ACA.FR) took a nearly 7% stake in Worldline (WLN.FR), pushing its share price up more than 3%.
Analyst recommendations:
Nordex (NDX1.DE) downgraded to hold by Bankhaus Metzler. Target price at €9.1.
Deutsche Bank reiterates its 'buy' rating with a target price of €170 (previously €145) on SAP (SAP.DE) shares.
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