DE40: Europe Pullback, Siemens Energy to Sell Part of India Business

Overall market situation: European stocks are losing ground today after that, negating some of the gains booked in recent days. The German DAX is currently down 0.54%, while the French CAC40 is down 0.65%. The Polish market is doing poorly, with losses reaching 1.2%. The mainstay of growth at the moment is the FTSE100, where we are seeing 0.24% increases.

On the broader European market, we are seeing mixed investor sentiment. Source: xStation

The German DE40 index is losing 0.73% intraday today. The most important support for the index remains the 50-day EMA (blue line on the chart) and the support area of ​​the consolidation zone near 22,250 points. Technically, the DE40 is still maintaining a stable upward trend. Source: xStation

News:

ProSiebenSat.1 (PSM.DE) shares are up 6.5% after Reuters reported that MFE has called a board meeting to review a possible bid for the company’s shares. MFE’s board will consider two alternative moves, including increasing its current stake in the company to almost 30%.

Shell (SHELL.NL) shares are up 1.4%, hitting their highest level since August, after the oil giant said it would boost investor returns by the end of the decade and strengthen its leading global LNG trader position.

Siemens Energy (ENR.DE) shares are up 5% after the company said it will sell 90% of its wind turbine business in India and Sri Lanka.

More DAX news. Source: Bloomberg Financial LP