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Mixed start to the week on markets in Europe
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Morgan Stanley boosts sentiment around Siemens Energy shares
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Investor attention focuses on PMI readings
Monday's session on European markets brings mixed sentiment among most benchmarks from the Old Continent. The major oil companies are doing very well, gaining on the wave of powerful rallies in oil prices. Investors' attention today is focused primarily on PMI readings for manufacturing from major economies. 
Shares of Siemens Energy (ENR.DE) are gaining nearly 5% today on the wave of Morgan Stanley's stance, which raised its rating on the company's shares to "overweight" and valued the stock at 33.2 euros. The investment bank sees an improving outlook for the gas turbine sectors and the wind energy division.
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Create account Try a demo Download mobile app Download mobile appStrong rallies in the oil market are driving European oil sector shares. OPEC+ members announced a sizable voluntary cut in oil production this past weekend, triggering a significant rise in oil prices early in the new week. Additional production cuts of 1.157 million barrels per day were announced by 8 OPEC and non-cartel countries. The reductions will take effect in May and will last until the end of this year. In addition, Russia has announced that the 500,000-barrel production cut, which was to end in June, will be extended until the end of 2023.
The Swiss attorney general's office has opened an investigation into the state-initiated takeover of Credit Suisse Group (CSGN.CH) by UBS Group (UBSG.CH). The regulator is gathering information about possible crimes committed in the Credit Suisse takeover process. The banks' shares are currently losing 4%.
Changes in the shares of institutions in individual companies of the DAX index (data from the last session). Source: Bloomberg
Largest percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart
