DE40: European stocks kick off the trading session with declines 📉

• Porsche gains slightly despite release of lower 2024 delivery data
• Jefferies revises flatexDEGIRO and SMA Solar recommendations

European stock indices started Monday's trading with declines. The DAX is currently losing 0.76% on an intraday basis while Britain's FTSE100 is down 0.4%. The CAC40, meanwhile, is losing 1%. The economic calendar for today's session is relatively empty. Investors are currently awaiting the release of CPI data from the US, which could raise market volatility on Wednesday.

Volatility currently seen in the broader European market. Source: xStation

Germany's DE40 index is falling from a zone near historic highs on a wave of pessimism that took over the first trading session of the week. The most important support for the index invariably remains the 50-day EMA (blue curve on the chart). Technically, the DE40 continues to maintain a stable upward trend all the time. Source: xStation

NEWS

Porsche (P911.DE) shares are gaining nearly 2.5% after the luxury carmaker reported car delivery figures for 2024. 

The German automaker delivered 56,887 vehicles to China last year, down 28% from 2023, and offset growth in all other regions, causing Porsche's total deliveries to fall 3% to 310,718.

However, the company reiterated that it values profit margins over sales numbers and said it will stick to its “value-based sales approach.” What's more, the lower result did not cause panic, as investors had expected the 2024 figures to come under pressure.

Shares of SMA Solar (S92.DE) are gaining more than 10% today, after Jefferies upgraded its rating on the company's stock to “buy” with a target price of €20 per share. 

FlatexDEGIRO (FTK.DE) shares are losing more than 2% today, after Jefferies downgraded the company's shares to “hold” with a target price of €17 per share. 

Inne wiadomości z najważniejszych spółek niemieckich. Źródło: Bloomberg Financial Lp