- 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.
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Open account Try 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.
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