Wednesday's trading session on the German stock exchange brings moderate declines in the stocks comprising the DAX index. The macro calendar for today's session is rather poor, no less investors will learn about the BoC decision on interest rates. Eurozone GDP was revised upward.
Source: XTB
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The swaps market is currently pricing in a near 13% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading with moderate declines during today's session. Source: xStation 5
Wednesday's session on the German market brings moderate declines in most sectors of the economy. Source: Bloomberg
News:
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Airbus (AIR.DE) shares lost 2.5% due to the fact that the aircraft manufacturer will not be able to deliver as many new planes this year as planned, and will therefore miss its delivery target, which was lowered over the summer.
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Weak news from its U.S. competitors lifted K+S (SDF.DE) shares more than 4% lower.
Bank recommendations:
Siemens Energy (ENR.DE) downgraded to "hold" by Kepler Cheuvreux. Target price at €18.
Largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
