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Market estimates impact of rate hikes by central banks
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CFO comments support Deutsche Bank
Thursday's session on the Old Continent brings mixed sentiment among major equity benchmarks. Investors are estimating what impact yesterday's FOMC decision will have on the market. Today's session is just as interesting as yesterday's. Rate decisions were made today by Japan, the UK, Switzerland, Norway and Turkey.
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Open account Try demo Download mobile app Download mobile appThe swaps market is currently pricing in a nearly 86% chance of a 75bp rate hike at the ECB's October meeting. Source: Bloomberg
DE30 index chart, D1 interval. The benchmark German blue chips are trying to bounce today and are back above the 12,700-point level. Source: xStation 5
Thursday's German market session brings mixed valuations for most economic sectors. Real estate companies are currently doing the worst. Financial companies and banks are doing well.
Deutsche Bank (DBK.DE) is posting strong gains today, whose CFO communicated that the company is on track to meet the upper end of its 2023 earnings projections. According to von Moltke, high interest rates more than offset the effect of a weakening economy.
Uniper (UN01.DE) shares are trying to make up for yesterday's sell-off and are trading up more than 7% today.
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 in the DAX index (DE30). Source: Bloomberg
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