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DAX in mixed mood after yesterday's sell-off
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European stocks post moderate gains
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Siemens Gamesa puts pressure on Siemens Energy shares
Friday's trading session on markets from the Old Continent brings better investor sentiment. The German DAX is trading at mixed levels today, nevertheless, stocks listed on markets on the Old Continent are trading up today. The calendar of macro readings for today's session is relatively poor.
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Create account Try a demo Download mobile app Download mobile appInvestor sentiment on the Old Continent has improved. Most of the companies are currently recording increases. Source: xStation 5
Company news and bank recommendations:
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Siemens Energy (ENR.DE) is trading down today as the company cut its 2023 margin forecasts and saw the possibility of ending the year with a net loss. The company's quarterly results, although better than analysts' forecasts, were weighed down by its subsidiary Siemens Gamesa (SGRE.ES), which sees business risks and which analysts say could be pulled from the stock market. The German company now sees a net loss in 2023 at the same level as last year's loss of 647 million euros.
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T-Mobile and Deutsche Telecom's (DTE.DE) shares are under pressure today following a cyberattack, which for T-Mobile will likely involve significant expenses. According to sources, the data of nearly 37 million of the company's customers was breached
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 elimination. Source: xStation 5
