DE30: European markets gain, Bayer considers spinning off agricultural chemicals unit!

• DE30 returns above the 15,700 point barrier

• Macro calendar focused today on central bankers' speeches

• The most important event of the week will be the CPI report from the US

• Bayer (BAYN.DE) facing possible spin-off of agricultural chemicals unit

• Deutsche Bank (DBK.DE) wins Miles&More credit card dea

This week's first trading session on European markets brings an improvement in market sentiment after the sell-offs seen on Friday following the US NFP reading. This week, investors' attention will focus primarily on the US CPI reading, which will be an important determinant of the Fed's future decisions towards interest rates. 

The macro calendar will focus today on speeches by central bankers from the US, Europe and the UK. 

The mood in Europe during Monday's trading session is relatively positive. Stocks from the oil sector are showing clear rises; while declines dominate the metals and mining sector. Source: xStation 5

German DE30 futures are gaining nearly 0.2% during today's session and are attempting to permanently return above the 15,700-point barrier, which is defined by the local minima from the end of May and the 100-day exponential moving average (purple curve). Source: xStation 5

News:

Bayer (BAYN.DE) is gaining nearly 3% during today's session following news from the company's CEO, Mr. Bill Anderson, who notified that discussions are underway to spin off the agricultural chemicals division as a listed entity. According to media sources, discussions on this topic could take nearly three to four months. Market participants have repeatedly speculated on this option in the past.

Bayer (BAYN.DE) share chart, D1 interval. The stock is clearly bouncing during today's session from the support defined by the lower limit of the downward channel marked on the chart. Source: xStation 5

Deutsche Bank (DBK.DE) wins credit card contract for Lufthansa's (LHA.DE) loyalty programme. The deal for the airline's Miles & More programme will more than double the bank's credit card transaction volume. The deal also includes Mastercard. Deutsche will record around €100 million in additional annual revenue from these transactions, industry experts report.

Miles & More members are typically wealthy and frequent flyers. As the managing director of Miles & More notified, members of the programme are typically people who spend "five times more than the average German credit card user".

Deutsche Bank (DBK.DE) shares are currently gaining more than 1%, W1 interval. Source: xStation 5

Lufthansa (LHA.DE) share chart, W1 interval. Source: xStation 5

Analysts at Bankhaus Metzler lowered their target price for BASF (BAS.DE) shares to €39.5 per share against a previous recommendation of €43. . 

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

Information from individual companies in the DAX index. Source: Bloomberg