The first trading session on the German stock exchange this week brings moderate declines in the valuations of stocks included in the DAX index. Investors' attention is focused today on Flatexdegiro (FTK.DE), which is losing more than 27%. As for the macro calendar, today investors will learn about the readings of the PMI indexes for services and the ISM PMI index in the US.
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Create account Try a demo Download mobile app Download mobile appThe swap market is currently pricing in a near 14% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading with moderate declines during today's session. Source: xStation 5
Monday's German session brings moderate declines in most sectors of the economy. Source: Bloomberg
News:
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Today's session focuses on the shares of Flatexdegiro (FTK.DE), which are losing more than 27%. It emerged over the weekend that financial regulator BaFin had found deficiencies in organization and corporate governance during a special audit. The company was obliged to publish profit warnings. The company will most likely forgo dividend payments.
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Bayer (BAYN.DE) shares are also seeing declines. Bank of America has dropped its "buy" recommendation.
Changes in the shares of institutions in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes in the companies included in the DAX index. Source: Bloomberg
The most active stocks of the DAX index (DE30). Source: Bloomberg
