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DE30 notes moderate declines
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German industrial orders below expectations (actual: -2.4% m/m; forecast: -0.8% m/m)
Thursday's session on the Old Continent brings mixed sentiment among investors. Major stock market benchmarks are losing ground, while the market awaits tomorrow's NFP data. Later today, investors' attention will focus on jobless claims data.
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Create account Try a demo Download mobile app Download mobile appThe swap market is currently pricing in a near 83% chance of a 75bp rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading down today and struggling to maintain yesterday's lows. Source: xStation 5
Thursday's German market session brings lower valuations for most sectors of the economy. The financial sector is performing particularly poorly. Source: Bloomberg
News:
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The shares of insurer Hannover Re (HNR.DE) are trading down nearly 3% today following comments from the company, which communicated that the company cannot yet estimate the financial impact of Hurricane Ian, which caused billions of dollars worth of damage in Florida.
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Merck (MRK.DE) is considering major acquisitions starting in 2023. Despite the current difficult economic environment, the board led by CEO Belen Garijo also reaffirmed its medium-term goals: Merck aims to increase sales to €25 billion by 2025.
Source: Bloomberg
Bank recommendations:
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Bankhaus Metzler lowered its recommendation for Kloeckner (KCO.DE) shares to "sell." Target price at €7.2.
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
