• UK jobless rate near 2-year high
• Daimler AG (DAI.DE) will pay $ 2.2 billion to resolve emissions cheating allegations
European indices managed to erase early losses after the ZEW Indicator of Economic Sentiment for the Eurozone and Germany beat market expectations. ZEW Index for Germany rose to 77.4 this month, the highest since May 2000, compare to analysts' estimates of 69.8, which might be a sign of a noticeable recovery of Europe's largest economy. Meanwhile sentiment for the Eurozone jumped to an over 16-year high of 73.9.
On the Brexit front, British MPs passed the Internal Market Bill in the House of Commons by 340 to 263 votes and will now transferred to the upper chamber, the House of Lords. PM Johnson said that the proposed legislation is “essential” to maintain the UK’s economic and political integrity. U.K. employment market took a step backwards in August, with the unemployment rate edged higher to 4.1% from 3.9% in the three months to July, the Office for National Statistics said.
DE30 - price rose after publication of today’s ZEW report and is approaching the upper limit of triangle pattern located at 13300 pts. If the bulls manage to break above this level, then the next resistance at 13,570 pts could be tested. On the other hand if sellers manage to take control on the market, the downward towards lower limit of the formation is possible. Source:xStation5
DAX members at 10:43 am BST. Source: BloombergDaimler AG (DAI.DE) - according to the court documents, automaker will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners.
Daimler AG (DAI.DE) - yesterday stock bounced off the major resistance level at €47.40. Today, one can see that the downward move is being continued. If sellers manage to uphold momentum, the downward move towards major support at €41.21 is possible. However, in case of a break higher, the next resistance to watch is located at €51.72. Source: xStation5.Volkswagen AG’s (VOW3.DE) - Navistar International Corp. said a $3.6 billion takeover offer from Volkswagen AG’s heavy-truck business Traton SE significantly undervalues the company, though it wants to engage in further talks. A potential takeover would strengthen VW's competitiveness against companies such as Daimler AG and Volvo AB in the truck sector.
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