-
DE30 returns above the 15,700 point barrier
-
Macro calendar focused today on central bankers' speeches
-
The most important event of the week will be the CPI report from the US
-
Bayer (BAYN.DE) facing possible spin-off of agricultural chemicals unit
-
Deutsche Bank (DBK.DE) wins Miles&More credit card dea
This week's first trading session on European markets brings an improvement in market sentiment after the sell-offs seen on Friday following the US NFP reading. This week, investors' attention will focus primarily on the US CPI reading, which will be an important determinant of the Fed's future decisions towards interest rates.
The macro calendar will focus today on speeches by central bankers from the US, Europe and the UK.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
The mood in Europe during Monday's trading session is relatively positive. Stocks from the oil sector are showing clear rises; while declines dominate the metals and mining sector. Source: xStation 5
German DE30 futures are gaining nearly 0.2% during today's session and are attempting to permanently return above the 15,700-point barrier, which is defined by the local minima from the end of May and the 100-day exponential moving average (purple curve). Source: xStation 5
News:
Bayer (BAYN.DE) is gaining nearly 3% during today's session following news from the company's CEO, Mr. Bill Anderson, who notified that discussions are underway to spin off the agricultural chemicals division as a listed entity. According to media sources, discussions on this topic could take nearly three to four months. Market participants have repeatedly speculated on this option in the past.
Bayer (BAYN.DE) share chart, D1 interval. The stock is clearly bouncing during today's session from the support defined by the lower limit of the downward channel marked on the chart. Source: xStation 5
Deutsche Bank (DBK.DE) wins credit card contract for Lufthansa's (LHA.DE) loyalty programme. The deal for the airline's Miles & More programme will more than double the bank's credit card transaction volume. The deal also includes Mastercard. Deutsche will record around €100 million in additional annual revenue from these transactions, industry experts report.
Miles & More members are typically wealthy and frequent flyers. As the managing director of Miles & More notified, members of the programme are typically people who spend "five times more than the average German credit card user".
Deutsche Bank (DBK.DE) shares are currently gaining more than 1%, W1 interval. Source: xStation 5
Lufthansa (LHA.DE) share chart, W1 interval. Source: xStation 5
Analysts at Bankhaus Metzler lowered their target price for BASF (BAS.DE) shares to €39.5 per share against a previous recommendation of €43. .
The largest percentage changes in individual companies of the DAX index. Source: Bloomberg
Information from individual companies in the DAX index. Source: Bloomberg
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.
