DE30 without clear direction at the start of today's trading

• Indices from the Old Continent record declines

• DE30 struggles to return to the vicinity of 13,000 points

• Mercedes-Benz (MBG.DE) car deliveries still affected by logistical problems 

The first trading session of the week began with declines in most indices from the Old Continent. The French FRA40 loses 0.68%, the Polish W20 1.2%, and the German DE30 0.74%. Although the calendar for today is empty, investors are looking forward to the second part of the week, which will bring updates on the results of the largest US banks (JPMorgan (JPM.US; Thursday), Morgan Stanley (MS.US; Thursday) and Citigroup (C.US; Friday)), decisions by the BoC (Wednesday; 3:00 pm BST) and the RBNZ (Wednesday; 03:00 am BST) on interest rates, and readings of important macro data.

The DE30 remains close to the zone defined by the 50-period exponential moving average (blue curve) and is struggling to break out of the previously mentioned 1:1 structure. The 12,755-point zone may serve as a local support level at present, while the psychological 13,000-point level may serve as resistance. Source: xStation 5

Company news:

• Mercedes-Benz (MBG.DE) car deliveries in Q2 fell 16% due to chip shortages and logistics bottlenecks. The company sold 490,000 cars in the second quarter of this year, down 16% compared to the same period last year. However, the company noted that customer demand remains high. The company's shares are currently trading nearly 1% lower. 

• Airbus (AIR.DE) sees passenger growth slowing through 2040 due to energy costs. Passenger demand is expected to grow by 3.6% through 2041, compared to 3.9% in the previous year's forecast. Further demand creation is also expected to be strongly influenced by the consumption of SAF, or sustainable aviation fuels, which, along with increased pressure to use them, could raise airfares.

• Germany's Nordex SE (NDX1.DE) plans to raise €212 million from the sale of shares, in a bid to strengthen its business amid a volatile environment for the wind industry.

Analysts' actions:

• Morgan Stanley downgraded its recommendation on Delivery Hero (DHER.DE) from "buy" to "neutral." The target price remains unchanged at €57 per share.

• Jeffries maintained its rating on shares of Allianz SE (ALV.DE) at "buy." The target price was reduced from €255 to €240.  

• Bernstein lowered his recommendation on Siemens (SIE.DE) from "mkt perform" to "underperform." The target price was reduced from €117 to €68. 

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  Companies included in the DAX Index (DE30) and their largest percentage changes on a daily basis. Source: Bloomberg