- DE40 holds the area close to ATH
- US NFP data will focus investors' attention at 1:30 pm GMT
- Ubisoft drops amid delay of "Assassin's Creed Shadows"
European stock indices started Friday's trading with declines, although their scale is not exaggerated, and they were reversed for some markets. The DAX is now up 0.3% on an intraday basis while the UK's FTSE100 is losing 0.2%. The CAC40, is gaining 0.25% against gains in the valuations of major fashion companies. In afternoon hours, investors will learn NFP data from the US.
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Open account Try demo Download mobile app Download mobile appVolatility currently seen in the broader European market. Source: xStation
The German DE40 index remains near historic highs, and it is not out of the question that today's reaction to the US NFP data could permanently pierce or negate any breakout from this zone. The most important support for the index invariably remains the 50-day EMA (blue curve on the chart). Technically, DE40 continues to maintain a stable uptrend all the time. Source: xStation
News
Shares of Wacker Chemie (WCH.DE) are losing 4% today after Stifel downgraded the company's stock to “hold” with a target price of €77 per share.
Deutsche Telekom (DTE.DE) shares are gaining 1.5% after UBS raised its rating on the company's stock to “buy” with a target price of €33.
Ubisoft (UBI.FR) shares lose 5.5% after the studio decided to delay the release of its new game “Assassin's Creed Shadows” and cut its forecast for fiscal 2025. Ubisoft lowered its net revenue forecast for fiscal 2025 to €1.9 billion, down 18% year-on-year. This is down from an earlier forecast of €1.95 billion.
Airbus (AIR.FR) shares are also doing not badly today, after the company reported yesterday that it has met its 2024 aircraft deliveries target.
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