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DE30 and other European benchmarks in mixed sentimen
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Hapag-Lloyd (HLAG.DE) tests important technical support
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Volkswagen (VOW1.DE) under pressure to halt production of unattractive EV models
Tuesday's session on European markets brings mixed sentiment among investors, who on the one hand are reacting to the strong session in Asia today and yesterday's declines on Wall Street. Investors' attention is focused on individual companies today. In terms of macro data, the most important readings today will be CPI data from Canada and CB data from the US. President Lagarde, in her opening speech at the convention in Sintra, Portugal, said that the ECB will raise interest rates at its next meeting next month.
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Open account Try demo Download mobile app Download mobile appThe mood in Europe during Tuesday's trading session is relatively mixed. The sectors that are doing best at the moment are fashion, banks and marketing. Automotive, oil, pharma and semiconductor stocks are under pressure today. Source: xStation 5
German DE30 futures are down moderately today, but are extending the breakout below the support defined by the 50-day exponential moving average (blue curve), which is further reinforced by the psychological barrier of 16 000 points. Should the declines deepen, the next zone to watch will be the 15,700-point region. A return to growth at this point depends on whether the demand side manages to get back above the previously mentioned supports, which are the main resistances. Source: xStation 5
News:
Carl Zeiss Meditec (AFX.DE) is losing more than 3% during today's session due to Bankhaus Metzler cutting its recommendation on the company's stock. The current rating is 'hold' with a target price of €100 per share. The institution had previously maintained a 'buy' rating on the company's shares.
Carl Zeiss Meditec (AFX.DE) shares broke out below a zone of important historical support during today's session. Source: xStation 5
Jefferies has once again renewed its analyst coverage on Hapag - Lloyd (HLAG.DE). The current rating is 'hold' with a target price of €200.
Hapag-Lloyd (HLAG.DE) shares are currently testing the support set by the 200-week EMA (golden curve). Source: xStation 5
Volkswagen (VOW1.DE) shares are losing nearly 2% today following reports that production of some electric car models is being cut back as a result of poor sales of the ID.4 and ID.7 models.
Volkswagen (VOW1.DE) share price, D1 interval. Source: xStation 5
Largest percentage changes in individual companies of the DAX index . Source: Bloomberg
Information from individual companies in the DAX index. Source: Bloomberg
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