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European markets trade higher
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DE30 tests 16,100 pts area
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Airbus likely exceeded 2021 delivery goals
European stock markets trade higher for the second day in a row. Gains can be spotted all across the Old Continent. Blue Chips indices from the United Kingdom, France and Austria are top performers while Polish WIG20 (W20) lags the most, gaining only 0.2%. A potentially big event of the day is OPEC+ meeting at 1:00 pm GMT. However, its impact on equity markets may be minimal if any.
DE30 continues upward move launched two weeks ago. Index builds onto yesterday's gains and tests 16,100 pts area today. DE30 trades around 1.2% below its all-time highs at 16,300 pts so a break to fresh records cannot be ruled out if upbeat moods continue. In case optimism fades and sellers gain control, the psychological 16,000 pts handle will serve as the first support. Source: xStation5
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Markus Schaefer, Chief Technology Officer of Daimler (DAI.DE), said that the German carmaker expects semiconductor shortages to last throughout 2022, and to be more severe in the first half of the year. Executive also said that he expects barely any increase in production in the full year.
Investors prepare a $2.2 billion lawsuit against Bayer (BAYN.DE) for acquisition of Monsanto. Group of over 300 investors, both retail and institutional, claims that company misinformed investors about risks and impact of pending Roundup proceedings.
According to a Reuters report, Airbus (AIR.DE) has likely exceeded target for 2021 deliveries in spite of issues earlier in the report. Reuters reports after industry sources that European airplane manufacturers made several last-minute deliveries at the end of December to exceed a goal of 600 deliveries.
Analysts' actions
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Sartorius (SRT.DE) rated "buy" at JP Morgan. Price target set at €685
In spite of downbeat comments from its Chief Technical Officer, Daimler (DAI.DE) is one of the best performing stocks in DAX index today. Stock bounces off the mid-term support zone at €68.00. Key resistance zone to watch in case upward move extends can be found in the €77 area. This zone is marked with previous price reactions and 200-session moving average. Source: xStation5
