- A mixed start to a new week of trading in Europe
- Jefferies positive on Jungheinrich (JUN3.DE) and Kion (KGX.DE)
- BAE Systems (BA.UK) wins bid to build advanced submarines
General market situation:
Monday's trading session on European markets brings mixed sentiment from investors, who are looking hesitantly at this week's scheduled macro readings.
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At the moment, companies listed in Europe are trading at mixed levels. Companies in the fuel sector are doing relatively well today. Source: xStation 5
Futures quotations based on the German DE30 index are not recording excessive price deviations on an intraday basis. The benchmark failed to break out above the 200-day exponential moving average (golden curve). Source: xStation 5
News:
Jefferies reissued analyst coverage on shares of Kion (KGX.DE) with a "buy" rating and a target price of €48 per share (+32% relative to Friday's closing price). The company's shares are currently losing nearly 1%.
The company's shares are currently trading close to the resistance zone defined by the 50-week exponential moving average (blue curve). Source: xStation 5
Jefferies was also positive on shares of Jungheinrich (JUN3.DE). Coverage in this case also resumed at the "buy" level; the target price was set at 39 euros (+38% relative to Friday's closing price). The company's shares are currently gaining nearly 2%.
Source: xStation 5
Britain's largest defense company and one of the largest of its kind in the world, BAE Systems (BA.UK) has won a €4.56 billion contract to build next-generation SSN-AUKUS (nuclear-powered) submarines. The vessels will be the most advanced and most powerful pillar of the Royal Navy's submarine fleet. The company's shares are currently gaining nearly 1%.
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
