DE30: Dax marginally higher ahead of the US CPI report

Tuesday's German trading session brings slightly better investor sentiment. Nevertheless, these will be put to an important test at 1:30 pm GMT, when the US CPI inflation reading will be published. Today we learned some interesting readings from Germany.

Current conditions. Currently: -61.4; expected: -57.0; previous: -64.5

• Current conditions. Currently: -61.4; expected: -57.0; previous: -64.5

• Economic sentiment. Current: -23.3 Expected: -26.0 Previous: -36.7

As stated in the report, sentiment for the future is improving. Most economists expect inflation to fall in the coming months.

Source: XTB

The swap market is currently pricing in a near 16% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg

DE30 index chart, D1 interval. The benchmark German blue chips are trading with moderate gains during today's session. Source: xStation 5

Tuesday's session on the German market brings moderate gains in most sectors of the economy. Source: Bloomberg

News:

• Leading the gains on the German stock market today are the shares of Lufthansa (LHA.DE), which are gaining nearly 4%. Significant growth in demand for airline tickets has raised forecasts for operating profit, which is expected to reach €1.5 billion. Recall that a profit of €1.1 billion was previously expected.

• Similar sentiment can be seen on the shares of Fraport (FRA.DE), which are gaining 2%. Traffic at Frankfurt Airport is rising all the time, and is approaching pre-Pandemic Covid values.

• A buy recommendation issued by UBS on the shares of Wacker Chemie (WCH.DE) boosted the company's shares by more than 6%. The target price at €165, was previously €115.

Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg

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

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