DE30: DAX in mixed mood after yesterday's US CPI reading

• Markets in Europe are trading at mixed levels after yesterday's CPI reading

• Encavis gains after results publication

Wednesday's trading session on markets from the Old Continent brings mixed investor sentiment. The DAX index broke above the 15,500-point barrier and investors are now estimating how markets in Europe will behave in the face of yesterday's higher-than-expected CPI inflation reading and hawkish comments from ECB and Fed bankers.

Investor sentiment on the Old Continent has improved. The majority of European companies are currently recording rises.  Source: xStation 5

Company news and bank recommendations: 

• Brenntag (BNR.DE) shares extend yesterday's rally following an upgraded rating from Citi. Analysts see upside potential for the company's shares due to the undervaluation of the special production unit. Target price at €96 (more than 35% above yesterday's closing price).The shares of Thyssenkrupp (TKA.DE) were upgraded to a 'Neutral' rating from an earlier 'Underweight' by JP Morgan. Target price set at €5.9. 

• The shares of Encavis (ECV.DE) are recording moderate gains following the publication of better-than-expected results for the financial year. As the company added, EBITDA and revenue results exceeded the objectives of the chosen growth strategy.

Companies currently trading at their highest levels and key information from each. Source: Bloomberg

DE30 chart:

DE30 futures are trading slightly down on Wednesday and remain in the region of recent highs. Source: xStation 5