DE30: Bullish turnaround in Europe, Mercedes begins partnership with Google

• Bullish market sentiment in Europe

• Eurozone inflation revised slightly upwards

• Mercedes-Benz begins cooperation with Google

Thursday's trading session on European markets brings a bullish turnaround in investor sentiment as investors buy shares from the Old Continent. The macro calendar for today has some interesting readings scheduled from the US, in particular: Unemployment claims, Q4 GDP revision and gas and oil inventories data. Eurozone inflation data was revised slightly upwards, to 8.6% YoY against an earlier 8.5%. Investor sentiment on the Old Continent improved during Thursday's session. Most European companies continued their dynamic declines. Source: xStation 5

• The shares of HeidelbergCement (HEI.DE) are gaining nearly 3% during today's session following the publication of good quarterly results. Analysts see an improved outlook for the company's business, which is expected to be reinforced by continued lower energy costs. The company's full results:

Source :Bloomberg

• Yesterday's publication of very strong results from Nvidia (NVDA.US), is boosting sentiment around European semiconductor-related companies. The company shared a strong outlook for Q1 2023, with demand for AI-enabled processors overshadowing a decline in interest around chips used in personal computers.

• A dividend model compiled by Bloomberg assumes that Aixtron's (AIXA.DE) dividend will fall by 14% over the course of this year. 

• Things are also interesting between Mercedes (MBG.DE) and Google (GOOGL.US), where the companies have entered into an agreement to create 'on-board supercomputers' implemented in Mercedes-Benz vehicles. This involves, in particular, navigation solutions developed by Google and their adaptation to the needs of the brand. According to Mercedes management, in terms of a decade, these solutions are expected to translate into an additional €700 billion in revenue. 

Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg

DE30 chart:

DE30 futures traded up on Thursday and once again bounced off the support set by the 78.9% Fibo retracement. Source: xStation 5