- European stock markets are trading in moderate moods
- DAX remains below the 16900 point level
- Strikes in Germany are gaining strength
European stock markets are experiencing a moderate session today, even though US indices closed in the positive yesterday, being near the zone of historical highs. The main indices on most European markets are fluctuating within the range of -0.40 to 0.40%. Investors are waiting for the publication of US inflation data for December, which may cause increased volatility in global markets. Before the report's publication, we observe a slight decline in the dollar, below the 102 point level (USDIDX), and a drop in the yield of US 10-year bonds below 5.00%.
Key events:
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Open account Try demo Download mobile app Download mobile app- A three-day nationwide strike called by train drivers from Wednesday to Friday evening has contributed to travel disruptions in Germany, which was already grappling with ongoing farmer protests.
- Domestic analysts note that the strike is intensifying and increasingly spreading to other sectors. The rising social tension is causing concern among politicians, who are also largely the target of the protests.
- Germany approved the delivery of 150 IRIS-T air-to-air missiles to Saudi Arabia, a government spokesman said on Wednesday, resuming arms exports to Saudi, which had been banned since the killing of Saudi journalist Jamal Khashoggi in 2018.
Currently, the mood among European companies is mixed. Source: xStation 5
DE40 index is trading unchanged as markets await the US CPI report. Domestic strikes have not significantly affected the index's performance so far. Most companies in the index have a global reach. Source: xStation 5
Most volatile companies:
Zalando is the company gaining the most among the companies in the DE40 index.
Source xStation 5
On the other side is Deutsche Bank, whose shares are losing nearly 3.0%, falling to the level of 12.375.
Source xStation 5
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