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European markets trade higher
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DE30 tests 13,400 pts resistance
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Airbus gets order for 56 jets from EasyJet
Following upbeat trading during the Asian session, equity markets in Europe launched Tuesday's session higher. Gains can be spotted all across the Old Continent. Polish WIG20 is European top performer with a 2.1% gain at press time, followed by French CAC40 (+1.7%). Equities from Portugal lag with PSI index trading 0.6% lower at press time.
DE30 continues the recovery move launched on Thursday evening. Index is testing resistance zone in the 13,400 pts area, marked with upper limit of the market geometry, previous price reactions as well as 61.8% retracement of the upward launched in early-March. A break above would, at least in theory, hint at a reversal of short-term trend and may herald a bigger upward move. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appAirbus (AIR.DE) received an order for 56 jets from the A320neo family from EasyJet, the Swiss low-cost airline. Financial details were not disclosed but Bloomberg reports that, using 2018 prices, the order would be worth around $6.5 billion. Deliveries of jets are expected between 2026 and 2029. Deal will require approval from shareholders at the upcoming general meeting.
Deutsche Boerse (DB1.DE) reached an agreement with Kaiko, a cryptocurrency market data provider. Under the terms of agreement, Deutsche Boerse will make Kaiko's crypto data feed accessible for its customers, starting from Q4 2022.
Markus Kreber, CEO of RWE (RWE.DE), said in an interview with Sueddeutsche that he expects gas prices to stay elevated in the coming years. Kreber said that it will take 3-5 years before new capacity is brought online and available to replace Russian gas.
Analysts' actions
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Adidas (ADS.DE) downgraded to "neutral" at Oddo BHF. Price target set at €204.00
RWE (RWE.DE) launched today's trading with a bullish price gap. However, gains were being erased throughout the first two hours of the European cash session and now the stock trades just slightly higher on the day. Note that the advance was halted at the resistance zone marked with previous price reactions as well as the 38.2% retracement of a recent sell-off. Source: xStation5
