DE30: DAX in the shadow of Germany's inflation report

12:42 PM 29 November 2022

The second German trading session this week brings mixed sentiment around Germany's largest companies. Investors are mainly focused on Germany's inflation reading at 1:00 p.m. BST. No less, data from the individual states indicate that inflation may surprise downward.

CPI readings at the state level in Germany for November

  • North Rhine-Westphalia: 10.4% y/y vs. 11.0% y/y previously

  • Hesse: 9.7% y/y vs. 9.9% y/y previously

  • Baden Wuerttemberg: 9.6% y/y vs 9.8% y/y previously

  • Bavaria: 10.9% y/y vs 11.0% y/y previously

  • Brandenburg: 10.5% y/y vs 10.8% y/y previously

  • Saxony: 9.9% year-on-year vs 10.1% year-on-year previously

The swap market is currently pricing in a near 29% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg

DE30 index chart, D1 interval. Benchmark German blue chips are trading at mixed levels during today's session. Source: xStation 5

Tuesday's session on the German market brings mixed valuations for most sectors of the economy. Source: Bloomberg

A survey of fund managers and strategists over the past two weeks predicts that the STOXX 600 equity benchmark will reach 408 points by the middle of next year. Source: Refinitiv

The largest percentage changes of the companies included in the DAX index. Source: Bloomberg

The most active stocks in the DAX index (DE30). Source: Bloomberg 

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