-
DE30 tests yesterday's lows
-
Attention focuses on PPI inflation and unemployment benefits data
-
Fashion companies support the demand side in Europe
Thursday's trading session on European markets brings mixed investor sentiment. The DE30 index is currently testing the minima of yesterday's session and is waiting for the opening of the US session, which may bring more volatility to the markets of the Old Continent as well. Investors' attention today is focused primarily on secondary macro data readings. At 1:30 p.m. BST, we will primarily learn about PPI inflation data from the US and the number of applications for unemployment benefits. The revision of inflation data from Germany did not bring any changes from the last reading.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe mood in Europe during Wednesday's trading session is relatively positive. Source: xStation 5
News:
-
The mood in Europe, despite a mixed session, is largely supported by luxury goods companies, which reacted positively to the publication of Q1 2023 results by LVMH (MC.FR). You can read more about the LVMH conglomerate's results themselves here.
-
Citigroup analysts expect positive results to be published by companies in the hardware sector. According to the bank, STMicro (STM.FR) will follow Infineon's (IFX.DE) positive announcement regarding its results. As for the semiconductor sector, analysts expect stable results and solid forecasts from ASML (ASML.NL).
-
Nordex Group (NDX1.DE) reported an inflow of orders for 177 turbines with a total capacity of 1,021 MW in the first quarter of 2023, compared to 1,165 MW in the first quarter of 2022. The average selling price was 0.90 million EU/MW, compared to 0.78 million EU/MW a year earlier. The company's shares are currently losing nearly 1.5%.
-
JP Morgan (target price: €55) and Deutsche Bank (target price: €60) maintained a "buy" rating on BASF (BAS.DE) shares.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart
Futures based on the German DAX Index (DE30) are trading mixed today and testing the region of yesterday's lows. Source: xStation 5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
