- European indices show moderate recovery
- The German DAX index rises by 0.30%
- Technology and communication services sectors see the biggest gains
- Porsche hits new all-time lows
European indices are climbing today, along with futures on U.S. indices. However, the rebound remains moderate, with most indices gaining between 0.20-0.40% at the time of writing. The biggest gains are seen in indices from Poland, Austria, and Spain, which experienced the largest sell-offs yesterday due to the escalation of the Russia-Ukraine conflict.
Today, investor attention has shifted to the U.S. market, where Nvidia will release its quarterly earnings after the close of the cash session. As the largest company in the world by market capitalization, Nvidia's report is particularly significant because it sets the trend in the tech, semiconductor, and artificial intelligence sectors. Strong results are likely to bolster the performance of other companies in the market, including those in Europe.
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In the German market, the biggest gains are seen in the technology sector (+0.98%) and communication services (+0.77%). The biggest losses are in the healthcare sector (-0.60%). Source: Bloomberg Finance LP
DAX (D1 Interval)
The German DAX index rebounds by 0.30% today after yesterday’s sell-off. The index is still testing the support zone around 19,000–19,100 points.
Company News
- Porsche (P911.DE) shares are down 2.75%, trading below €60 per share at €59.50. This marks a new all-time low since its IPO in 2022.
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- Airbus (AIR.DE) CEO Guillaume Faury stated in an interview that the company has faced challenges in meeting its 2024 goal of delivering 770 aircraft. According to the CEO, this year has been difficult due to numerous delays. Despite this, the company remains optimistic about achieving the revised target. Decisions on the 2025 delivery goal will be postponed as much as possible.
