DE30: European markets under downward pressure; Airbus with new military order

• Euphoria on European markets fades
• Despite low volumes, individual benchmarks lost ground
• ECB gives green light to Commerzbank's dividend payment 

General market situation:

Thursday's session on European markets brings a deterioration in stock market sentiment. Although the sheer volatility in the markets is low, individual listed companies are posting sharp declines today. The macro calendar today will focus on data from the US, and in particular GDP data and unemployment benefits. 

European companies listed during Thursday's trading session are clearly losing at the moment. What's more, ADRs based on U.S. companies are also recording clear declines, which may suggest that the cash session on Wall Street may also open lower. Source: xStation 5

The German benchmark DE30 and the DAX index are subject to downward pressure during today's session. It is worth noting that the volume still indicates a pre-holiday lull in market volatility. Source: xStation 5

News:

Commerzbank (CBK.DE) said it has received approval from the European Central Bank to buy back up to €600 million worth of its own shares. The German lender will launch the buyback in early January 2024 and redeem the repurchased shares. The company's shares are currently gaining nearly 1.14%. 

Airbus (AIR.DE) has received an order from the Spanish Defense Ministry for 16 military aircraft worth €1.695 billion.

Covestro (1COV.DE) is in open talks with Abu Dhabi National Oil Co. or Adnoc, Reuters reported on Thursday. The negotiations follow the energy company's takeover bid of about 60 euros per share, which would value Covestro at 11.3 billion euros, according to people familiar with the matter. 

Analyst recommendations:

* Aurubis (NDA.DE):  Analyst firm Warburg Research lowered its recommendation on Aurubis shares from "Buy" to "Hold" and lowered its target price from €95 to €80.