DE30: European indices in better mood at the start of the week!

• European stock exchanges gain at the start of the week

• Property market under pressure with Crest Nicholson (CRST.UK) warning 

• Adyen (ADYEN.NL) extends last week's dynamic wave of declines

This week's first trading session on the European market brings a clear wave of rebound on the various benchmarks, which are trying to recover a little from last week's losses. The macro calendar for today's session is relatively poor. The improvement in 'risk-on' sentiment today is also being driven by energy commodities, which are gaining following an ultimatum from Australian Woodside mining rig workers, who may launch a general strike if their expectations are not met by Wednesday.  

The mood in Europe during Monday's trading session is significantly better compared to that of last week. Source: xStation 5

Futures based on the German DE30 are gaining nearly 0.65% today and are climbing above the 15,700 point barrier. Source: xStation 5

News:

European indices are rebounding, initiating a move that negates the near 4-day down cycle. The best performing stocks today are those linked to the gas and oil industry, which is benefiting from increases in the quotations of these commodities on international markets.  

Slightly behind, but also with significant rises, are banks and medical companies. 

The worst mood is in the property/developer market, which is reacting to the earnings warning and the cut in earnings forecasts for this year by the UK company Crest Nicholson (CRST.UK). The property industry is struggling as a result of high inflation and interest rates, which have had a direct impact on the marked decline in UK house prices. The company's adjusted EBIT is now expected to be close to £50 million (previously expected to be £73.7 million). 

The company's shares are currently losing nearly 7.5%. Source: xStation 5

For another consecutive session, however, Adyen (ADYEN.NL) shares are losing dynamically, falling by more than 5% at the moment. Shortly after the announcement of the results and after triggering the first downward wave, the company's vice-president stated that in view of this situation, the share buyback programme would be stopped. 

Source: xStation 5

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.