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DE30 under pressure over fears of higher interest rates
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Markets focused on the performance of Wall Street companies
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Allianz seeks buyer for N26 stake
Today's session on European markets has seen a relative weakening of investor sentiment, with investors once again spooked by the possibility of the major central banks continuing their cycle of rate rises. Today, sentiment was dampened in this context by weak CPI data from the UK. The DAX is currently trading close to 0.3% down and has tested the region of yesterday's opening levels. Investors' attention is invariably focused on the results presented by companies in Europe and the USA.
The mood in Europe during Wednesday's trading session is relatively negative. Source: xStation 5
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Deutsche Bank (DBK.DE) is aiming to double its private banking and wealth management revenues in Asia over the next five years, according to Bloomberg.
'Food delivery' companies are doing relatively well today, rising on a wave of raised operating profit forecasts by Just Eat.
Similarly, shares of airline companies and carriers are behaving similarly today. Yesterday, United Airlines (UAL.US) reported higher-than-expected quarterly results and, most notably, forecast better earnings for Q2 2023. Lufthansa (LHA.DE) shares are currently gaining 0.75% on the upside.
Allianz Group (ALV.DE) is looking to sell its stake in fintech N26, which has been struggling recently, according to the report. The insurer is looking for buyers for its stake of around five per cent, targeting proceeds in excess of $150 million (€137 million), the Financial Times (FT) reported, citing people familiar with the matter. Allianz shares are currently gaining nearly one per cent.
Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
Largest percentage changes and information from individual DAX index companies. Source: Bloomberg
DE30 chart
Futures based on the German DAX index (DE30) are trading lower today and testing levels of yesterday's lows. Source: xStation 5
