The first part of Thursday's trading session on European markets brings an improvement in market sentiment in Europe. The macro calendar awaits investors today with readings on US unemployment benefits and data on gas and oil inventories according to the EIA.
The start of Thursday's German trading session brings gains in the DE30 index, which is currently up 0.5%. The demand side continues to hold above the supports set by the 50-day exponential moving average (blue curve). Source: xStation 5
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Today's session brings a moderate retreat from the stocks that have been gaining in recent days. Adidas (ADS.DE) shares are under slight downward pressure, while Porsche (P911.DE) shares are gaining nearly 1.5%. Lufthansa (LHA.DE) and Hyundai (HYUD.DE) stocks are currently experiencing the biggest declines, losing nearly 4.5%. In contrast, the leaders of the increases today are the stocks of Mynaric (MOY.DE) and Tesla (TSLA.DE).
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Novartis (NOVN.CH) reached a settlement in antitrust proceedings in the US. At issue in the case was delaying the introduction of generic (reconstituted) drugs of the hypertension preparation Exforge. The company agreed to pay $245 million. The company's shares are currently gaining nearly 0.3%.
The mood during today's session has improved somewhat. Significant gains were recorded primarily by companies in the automotive sector (excluding Hyundai). There is also better sentiment in the semiconductor and pharmaceutical sectors. Source: xStation 5
