Wednesday's German trading session brings better sentiment around Germany's largest companies. Investors are mainly focused on the Eurozone inflation reading. Investors will also learn about a number of readings from the US.
Today at 9:00 am BST, the CPI inflation reading for November for the entire Eurozone was released. The publication, as usual, follows the earlier release of data from EU member states, so it did not cause much of a reaction in the market. The market expected eurozone CPI inflation to fall from 10.6% y/y in October to 10.4% y/y in November. The actual reading showed a slowdown to 10.0% y/y.
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Open real account TRY DEMO Download mobile app Download mobile appNovember inflation data from EU member states:
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Germany: 10.0% y/y vs. 10.4% y/y previously
Spain: 6.8% y/y vs. 7.3% y/y previously
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Open real account TRY DEMO Download mobile app Download mobile appFrance: 6.2% y/y vs. 6.2% y/y previously
Netherlands: 11.2% y/y vs. 16.8% y/y previously
Italy: 11.8% y/y vs. 11.8% y/y previously
The swap market is currently pricing in a near 24% chance of a 75bp rate hike at the ECB's December meeting. Source: Bloomberg
DE30 index chart, D1 interval. Benchmark German blue chips are trading higher during today's session. Source: xStation 5
Wednesday's German session brings higher valuations for most economic sectors. Source: Bloomberg
News:
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A good quarterly report from U.S. company Workday (WDAY.US) boosts sentiment around SAP (SAP.DE), whose shares gain 1%.
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UBS Bank has issued a buy recommendation on the shares of United Internet (UTDI.DE). The company's shares are trading up nearly 3%.
The largest percentage changes of companies included in the DAX index. Source: Bloomberg
The most active stocks of the DAX index (DE30). Source: Bloomberg
