• DE30 near major resistance level
• AstraZeneca (AZN.UK) resumed COVID-19 vaccine trials
• Deutsche Borse (DB1.DE) submits offer for Borsa Italiana
• AstraZeneca (AZN.UK) resumed COVID-19 vaccine trials
• Deutsche Borse (DB1.DE) submits offer for Borsa Italiana
European indices are trading mostly higher after Astrazeneca coronavirus vaccine trials resumed after the UK authorities gave their approval. The drugmaker halted the late-stage trials last week over safety concerns after one voluntary fell ill. On the Brexit front, the House of Commons will debate the Internal Market Bill, which the EU has demanded Prime Minister Boris Johnson scrap by the end of September. After the debate, lawmakers will decide if it should go to the next stage. Meanwhile Japan’s governing party elected Chief Cabinet Secretary Yoshihide Suga as its new leader to succeed Shinzo Abe. On the corporate fornt, Nvidia has agreed to buy UK-based computer chip designer Arm Holdings from Softbank in a deal worth $40 billion. Eurozone's industrial production increased by 4.1 % from the previous month in July 2020, following a 9.5 % increase in June and slightly above market expectations of 4 %.
DE30 is trading near the upper limit of triangle pattern located at 13300 pts. If the bulls manage to break above this level, then the next resistance at 13,570 pts could be tested. On the other hand if sellers manage to take control on the market, the downward towards lower limit of the formation is possible. Source:xStation5
DAX members at 10:20 am BST. Source: BloombergDeutsche Borse (DB1.DE) submitted an offer for Italy's Borsa Italiana on Friday. Other offers came from Swiss exchange Six and a consortium comprising France's Euronext and Italian state lender CDP. "Deutsche Borse can offer a major contribution to the future growth and development of an independent Borsa Italiana", the group said in a statement.
Deutsche Borse (DB1.DE) stock is testing local support level at €152.72. As long as the price sits above it, the upward move looks to be more probable. Next local resistance is located at €159.65 and is additionally strengthened by 50 MA (green line). However if sellers manage to break below, the downward move toward strong support at €146.97 is possible. Source: xStation5
Yesterday SAIC Motor, China's biggest automaker which has partnerships with Volkswagen AG (VOW3.DE) and General Motors Co (GM.US), announced plans to sell over 10,000 hydrogen fuel cell vehicles by 2025. The government is expected to announce supportive new policies regarding this niche segment of market, possibly as early as this month.
Infineon Technologies AG (IFX.DE), a world leader in semiconductor solutions will extend its partnership with Elliptic Labs, a global AI software company and virtual smart sensors world leader.
