- European stock markets in mixed mood ahead of Fed minutes
- Rheinmetall on new ATH after presenting 2026 forecasts
- Jefferies lowers recommendations for Bayer
General market situation:
Tuesday's session on European markets is proceeding in a slightly weaker mood. The Dax continues to hold the zone of the psychological barrier of 16,000 points. Investors are eagerly awaiting the minutes of the latest meeting of the US Federal Reserve, which may provide clues about future Fed decisions.
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At the moment, sentiment on individual European companies has deteriorated slightly. Source: xStation 5
Futures based on the German DE30 are trading nearly 0.04% lower on an intraday basis and are currently on the verge of a key resistance barrier set by the 16,000-point level. A possible breakout above these structures could open the way for further rallies towards the local session peaks of late August/early September 2023. On the other hand, the key resistance zone for possible observation is the level of 15,700 points. Source: xStation 5
News:
Investors' attention during today's session has been captured by Rheinmetall (RHM.DE) shares, which are gaining more than 4.53% ahead of the publication of earnings forecasts for 2026. According to the armaments company, revenues will reach between 13 and 14 billion euros in 2026, with an operating margin of more than 15%.
The forecast for this year is for revenues to reach between €7.4 billion and €7.6 billion, with an operating margin of 12%.
The company's shares rocketed to new historic highs. Source: xStation
New research results (second measurement) on the anti-cancer drug pelabresib caused the price of Morphosys (MOR.DE) shares to fall to their lowest level since early April, and they are now posting a nearly 24% drop on an intraday basis. The data showed insufficient statistical significance in assessing the reduction in symptoms.
Source: xStation
Food-delivery companies are also posting declines on an intraday basis. The European Union's renewed competition investigation lifts the valuation of Delivery Hero (DHER.DE) shares by 1.4%, and HelloFresh (HFG.DE) by 4.2%. The European Commission did not name the companies or EU countries, but added that the ongoing inspections were conducted in the context of raids carried out last July.
The reduction in shares in TeamViewer (TMV.DE) from 21% to 14% lifts the company's stock value by 10% on an intraday basis.
Source: xStation
Analyst recommendations:
* Bayer (BAYN.DE): Jefferies downgraded its recommendation on the stock to a "hold" rating due to rising financial receivables. Target price set at 37 euros.
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