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European exchanges make slight gains before Wall Street open
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Investors' attention turns to FOMC Minutes
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Marks & Spencer (MKS.UK) continues strong rally after earnings release
Wednesday's trading session brings mixed sentiment on exchanges from the Old Continent. The German DAX (DE30) is currently gaining close to 0.3%, nevertheless the dynamics are changing all the time, as US index contracts cannot take a uniform direction. The reading of the day is the FOMC Minutes, which may somewhat outline the outlook towards whether the Federal Reserve will decide on one more interest rate hike (money markets are not assuming such a scenario at the moment).
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Open real account TRY DEMO Download mobile app Download mobile appThe mood in Europe during Wednesday's trading session is mixed. Source: xStation 5
Quotes of contracts based on the German DE30 are gaining nearly 0.4% today, nevertheless they are still trading below the restriction zone set by the 100-day exponential moving average (purple curve). Source: xStation 5
News:
JP Morgan downgraded shares of Telefonica Deutschland (O2D.DE) to a "neutral" rating from its previous "overweight" rating. The target price was set at €2.2 per share.
Source: xStation 5
The shares of Grand City Properties (GYC.DE) are gaining nearly 0.5% after the company raised its forecast for funds from operations (FFO) for this year. Previously, the real estate development company forecast FFO of between €170 million and €180 million, the company's current projections have raised that range to €175 million-€185 million.
Source: xStation 5
The dynamic rally is extended by the shares of Marks & Spencer (MKS.UK), which gained yesterday on the wave of publication of better quarterly results. Today, the stock is trading to add another 5%, in the face of increased recommendations on the company's shares.
Source: Bloomberg Finance L.P.
Source: xStation 5
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
