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DE30 mixed ahead of ECB decision
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Banks gained during the first half of the day
Today's trading session on the Old Continent brings mixed sentiment to most stock market benchmarks. Investors' attention is focused today on Euroland's interest rate decision.
Analyst consensus is leaning toward a 75 basis point hike at today's ECB decision (13:15 BST). Source: xStation 5
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The swaps market is currently pricing a 75% chance of a 75 basis point rate hike by the ECB at its meeting next week. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trading down today and falling below the 13,000-point level. Source: xStation 5
Thursday's session on the German trading floor brings relatively weak sentiment. Financial sector companies are doing well, while discretionary goods companies are doing slightly worse.
The German federal government is not considering plans to divest its stake in Commerzbank (CBK.DE) in the face of alleged interest in the company by European competitors. The bank's shares are gaining more than 1.5% today.
Banks are doing particularly well in Europe ahead of today's ECB decision.
Changes in the shares of institutions in individual companies of the DAX index (data from the last session). Source: Bloomberg
Bank recommendations:
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Goldman Sachs reduces its target price for Commerzbank (CBK.DE) shares from €12.4 to €9.5.
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Goldman Sachs reduces its target price for Deutsche Bank (DBK.DE) shares from €20.1 to €17.3.
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HSBC cuts its target price for Siemens Energy (ENR.DE) shares from €16 to €15.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks in the DAX index (DE30). Source: Bloomberg
