DE40: Bulls return to Europe early this week

Overall market situation:

Sentiment during the first session this week in Europe is very good. DE40 contracts are currently gaining 1%, while FRA40 and UK100 are adding 0.27% and 0.3% respectively. The economic calendar is empty today, so investors will focus on quarterly company results and possible information on tariffs in the world.

Distribution of today's rates of return for companies from Europe. Source: xStation

The German DE40 index is gaining 1.0% today on an intraday basis. The key element in analyzing further, potential index behavior may be the element of further demand and supply behavior at the previously tested barrier of 20,000 points, which may decide whether the further downward trend will continue or whether we will see an attempt to return to permanent growth, if the price manages to stay above this zone permanently. Source: xStation

News:

European shares are gaining during Monday's trading session. The positive sentiment is visible primarily in the technology sector, which is gaining after the US decided not to impose high tariffs on phones and semiconductors. This decision means that today it is the high tech sector that is doing best.

Source: xStation

In the context of individual companies, it is worth mentioning Novo Nordisk (NOVOB.DK), which is gaining 3.5% after Pfizer decided to abandon the development of its obesity drug. The drop in competition is good news for Novo Nordisk, which has recently been subjected to a very high concentration of its revenue structure in the field of obesity drugs.

Source: xStation

Other news from companies included in the DAX index. Source: Bloomberg Financial LP