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DE30 under downward pressure
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Market discounts weaker PMI data for services
Wednesday's session on the Old Continent brings mixed sentiment among investors. The main stock market benchmarks are losing, and the market is trying to discount the weak PMI readings for the services sector. Later today, investors' attention will focus on the ADP report from the US and the ISM PMI indexes for services.
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Create account Try a demo Download mobile app Download mobile appThe swap market is currently pricing in a near 81% chance of a 75bp rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips are trading down today. Source: xStation 5
Wednesday's session on the German market brings lower valuations for most sectors of the economy. The real estate sector is performing particularly poorly. Source: Bloomberg
News:
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Carl Zeiss Meditec (AFX.DE) gained 3% after being upgraded from "Hold" to "Buy" by Berenberg Bank.
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Shop Apotheke (SAE.DE) posted powerful gains today, reporting better-than-expected Q3 results.
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Source: Bloomberg
Bank recommendations:
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Wacker Chemie AG (WCH.DE): Credit Suisse cuts target price to €146 from €188
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Wacker Chemie AG (WCH.DE) : UBS cuts target price to €114 from €145
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
Largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
