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European indices gain at start of weekly session
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HelloFresh shares gain after JP Morgan rating
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China inflation reading surprises with reading below expectations
The first full-fledged trading session after the Christmas break brings relatively good sentiment. Most European indices are gaining today, nevertheless investors remain uncertain about the macroeconomic situation all the time. First of all, attention is currently focused on the CPI inflation reading from the US scheduled for tomorrow. Today a similar reading was presented by China, where the price level of goods and services showed a decline below forecasts.
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Morgan Stanley downgraded its recommendation on Covestro (1COV.DE) shares due to uncertainty over the market rebound. The rating was downgraded to "equal-weight" from its previous "overweight" rating. The stock, despite the downgraded recommendation, is currently gaining nearly 1%.
Much better behaved today are HelloFresh (HFG.DE) shares, which are gaining nearly 3.5% against JP Morgan's upgraded rating. The rating was raised from "underwight" to "overweight." As the bank's analysts added, space for declines is limited at the moment, and the company's valuation is relatively attractive. The target price was raised to 27 euros from an earlier one of 18 euros.
Airbus (AIR.DE) aircraft deliveries fell year-on-year to 127 machines from 142 recorded a year ago, Reuters reported. Airbus shares are currently trading down nearly 0.5%.
A Citi analyst raised his recommendation on TUI (TUI.DE) shares to a "neutral" rating from an earlier "sell." The target price was raised by 22% and currently stands at 8.55 euros.
Changes in the institution's holdings in individual companies of the DAX index (data from the last session). Source: Bloomberg
The largest percentage changes and information from individual companies in the DAX index. Source: Bloomberg
DE30 chart
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