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European exchanges make slight gains before Wall Street opens
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Adyen (ADYEN.NL) records the biggest daily fall in the company's history
Thursday's session on European markets brings a moderate improvement in investor sentiment as investors attempt to negate the several-day downward cycle on local stock exchanges. The European company currently attracting the most attention from investors is Adyen (ADYEN.NL), which is recording the biggest daily decline in the company's history in the face of the company's worse-than-expected results. The macro calendar today will focus primarily on the reading of the US unemployment benefits report, so market volatility may accelerate around 01:30 pm BST.
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Create account Try a demo Download mobile app Download mobile appThe mood in Europe during Thursday's trading session is mixed. Source: xStation 5
Futures based on the German DE30 are gaining close to 0.4% today, nevertheless they are still trading below the limit zone set by the 100-day exponential moving average (purple curve). Source: xStation 5
News:
HSBC raised its recommendation on E.ON (EOAN.DE) shares to a "buy" rating from its previous "hold" rating and raised its target price for the stock to €13.
The company's shares are gaining nearly 1% during today's session. Source: xStation 5
Barclays downgraded its recommendation on shares of Lanxess (LXS.DE) to an "equal-weight" rating from its previous "overweight" rating. The target price was set at €36.
The company's shares are currently losing nearly 0.8 per cent. Source: xStation 5
The shares of Adyen (ADYEN.NL) are seeing their biggest-ever daily decline today following the publication of worse-than-expected results. The company's EBITDA margin for the first half of the year was 43% against an expected 48.6%. The company added that a number of business sectors saw lower than expected growth. Analysts were negative on the company's results given the high valuation of the company relative to competitors such as PayPal (PYPL.US).
Today's session brings the biggest daily decline in the company's stock price in history. Source: Bloomberg Finance L.P.
Detailed results of the company. Source: Bloomberg Finance L.P.
Largest percentage changes in individual companies of the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
