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DE30 starts the week with moderate gains
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Siemens Energy gains on wave of quarterly report
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Will Bayer issue a full-year results warning?
This week's first trading session on the European markets brings better investor sentiment. The German DAX (DE30) is trading slightly up today. The macro calendar for today's session is relatively sparse, but investors are nevertheless reacting to updated GDP and inflation projections for the euro area. A little later, investors will also hear comments from several Fed and ECB bankers.
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Create account Try a demo Download mobile app Download mobile appThe mood in Europe during Monday's trading session is relatively positive. Source: xStation 5
News:
The shares of Siemens Energy (ENR.DE) are gaining more than 2.8 per cent during today's session following the publication of good quarterly results and the raising of full-year forecasts. Investors were particularly pleased by the increase in orders, which also supports the company's business sentiment for the future. In the earnings note, we can read that the increase in orders confirms Siemens' good positioning towards energy transition technologies. What should investors look out for in the future? First and foremost, how will the economic situation in the wind power sector, which is currently the main cornerstone of achieving a profitable energy leader, continue to evolve.
The company's detailed results for fiscal Q2 2023.Source: Siemens Energy
The company's share price chart. W1 interval. Source: xStation 5
The sell-offs are prolonging the shares of Bayer (BAYN.DE). Analysts at Berenberg communicate that in view of weak quarterly results and sluggish annual forecasts, the company is expected to issue a second-half earnings warning due to falling gilofasate prices and higher pharmaceutical sector costs.
Bayer AG share chart. Source: xStation 5
Major percentage changes and news from individual companies in the DAX index. Source: Bloomberg
DE30 chart
Futures based on the German DAX index (DE30) are trading moderately up today. Source: xStation 5
