- DAX (DE40) contracts gain 0.5%, riding a wave of equity market growth in Europe
- Varta, Zalando and Mynaric, as well as Hapag-Lloyd lead declines in the German market
- Shares of Adidas (ADS.DE), flatexDEGIRO (FTK.DE) and Rheinmetall (RHM.DE) post gains
- Citi analysts raised their target price for Vonovia from EUR 51.1 to EUR 52.8 per share
- Infineon continues its rebound despite warning of falling share prices and margins at Chinese Intron
The German stock market is up today, following in the footsteps of U.S. indices, which are in good spirits ahead of the release of Nvidia's (NVDA.US) results, following the U.S. session. Sentiment on the Old Continent also remains quite optimistic. 
On the European market today, stocks of commodity companies, oil producers and British banks are losing the most heavily. Slight declines are being recorded in the German auto sector. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appIn the DAX index, Zalando and Heidelberg Materials are losing the most today; Symrise, Siemens Health, Adidas and Sartorius are gaining. Source: Bloomberg Finance L.P.
Among the companies, Aroundtown and Carl Zeiss Meditec are gaining from the German mid-cap index (MDAX). KION, Evotec and Aurubis are losing. Source: Bloomberg Finance L.P.
DE40 (M30 and D1 interval)
Contracts on the DAX literally recovered from early August losses in no time, and now the key support level in the correction scenario is set at 18600 points and 18400 points (23.6 Fibo retracement).
Source: xStation5
At the beginning of August, the DE40 bounced off the 200-session moving average, near 17000 points. Since then, the index has risen nearly 9% and is approaching the resistance zone set by the 19000 point level.
Source: xStation5
