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DAX in mixed mood at the start of week
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European stocks post moderate gains
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Bayer under pressure from a major shareholder
Monday's trading session on markets from the Old Continent brings mixed sentiment among investors. The DAX index futures contract edges lower at the start of an interesting week, nevertheless, stocks listed on markets in the Old Continent are recording moderate gains today. The calendar of macro readings for today's session is relatively poor.
Investor sentiment on the Old Continent on Monday is relatively mixed. Most companies are trading at moderate increases today. Source: xStation 5
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Bayer's (BAYN.DE) largest shareholder, Fonds Union, is unhappy with the lack of initiative from supervisory board head Norbert Winkeljohann to spin off the company's consumer unit, German daily WirtschaftsWoche reported. The company's shares are currently losing nearly 1%.
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Symrise (SY1.DE) shares are losing more than 7% today following the release of weak fourth-quarter 2022 results. A write-down due to shares in Swedencare AB and disappointing margins last year weighed heavily on Symrise shares on Monday.
Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
DE30 chart:
DE30 futures traded in mixed sentiment today. Quotes broke out below the consolidation zone near local peaks and close to the resistance set by the 78.6% Fibo retracement. Source: xStation 5
