- Investors await U.S. CPI reading with uncertainty
- TeamViewer will reduce scope of partnership with Manchester United
- Birkenstock filed for initial public offering in the United States yesterday
Overall market situation:
Wednesday's session on European markets brings declines for most companies. Investors are waiting with uncertainty for the US CPI inflation reading, which will be the last major macro reading before the interest rate decision, which could finally end the current hike cycle.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appNovo Nordisk (NOVOB.DK) today carried out a 2:1 split of its shares
Most companies listed in Europe currently trading down during Wednesday's trading session. Source: xStation 5
Futures based on the German DE30 are losing nearly 0.7% today and are slipping below the technically important support zones set by the 15,700-point zone. What's more, the DE30 is currently trading in a zone of minima already tested 5 times this year. Source: xStation 5
News:
According to a press release, TeamViewer (TMV.DE) will reduce the scope of its partnership with Manchester United (MANU.US) from the start of the 2024/2025 season, which will have a significant positive impact on profitability.
TeamViewer says that reducing the scope of the partnership will lead to significant savings in marketing expenses. Some of these funds will be reinvested in other branding and targeted marketing initiatives. The measures are expected to have a positive impact on TeamViewer's adjusted EBITDA of about €17.5 million in 2024 and about €35 million in 2025.
BP (BP.UK) CEO Bernard Looney resigned Tuesday with immediate effect after less than four years in the post for failing to disclose full details of past personal relationships with colleagues. The stock is losing nearly 1% at the moment.
Stock chart on the weekly interval. Source: xStation 5
German footwear brand Birkenstock filed for an initial public offering in the United States yesterday.
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
