Thursday's session on European markets brings a deterioration in sentiment following yesterday's FOMC meeting, which was rife with hawkish comments. Today investors' attention is focused on the BoE, which raised rates in line with analysts' expectations, nevertheless the bankers' comments themselves have a distinctly dovish tone.
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Open account Try demo Download mobile app Download mobile appThe swaps market is currently pricing in a near 54% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips continue their declines after yesterday's FOMC meeting. Source: xStation 5
Wednesday's German market session brings lower valuations for most economic sectors. Source: Bloomberg
News:
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Powerful declines in share prices are being recorded today by shares of Shop Apotheke (SAE.DE), which canceled a pilot e-prescription program in Westphalia-Lippe, Germany. The shares are losing more than 15%.
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BMW (BMW.DE) shares are down more than 4.5% despite the release of strong financial results. However, the mood was spoiled by unchanged earnings forecasts, which disappointed investors. The company also warned that the position of consumers is becoming increasingly difficult due to rising inflation.
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Source: Bloomberg
Bank recommendations:
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Thyssenkrupp (TKA.DE) downgraded to "Hold" by Deutsche Bank; target price at €7.50.
Changes in institutional holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes in the companies included in the DAX index. Source: Bloomberg
The most active stocks of the DAX index (DE30). Source: Bloomberg
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