DE30: DAX loses historic highs at the start of the new week!

• Dax tests recently broken ATH!

•  Sell-offs on Chinese tech companies fuel declines in Europe 

• Sartorius shares sink after earnings warning issued 

• In the background, talks on a massive Airbus aircraft order

The first trading session in Germany and across the Old Continent this week brings mixed investor sentiment. Sentiments of the DAX directly create quotations on other stock exchanges in Europe, which are losing today on the wave of the sell-off in China. The macro calendar for today's session is relatively empty, which also has to do with the US banking holiday. 

The mood in Europe during this week's first trading session is relatively negative. The metals sector is seeing the biggest declines at the moment. Source: xStation 5

German DE30 futures are trading down nearly 0.5% today, and are heading towards the support level set by previously broken local peaks. Source: xStation 5

News:

According to sources familiar with the matter, Airbus SE (AIR.DE) is in talks with Grupo Viva Aerobus SAB over a large order for narrow-body aircraft that would fuel the Mexican low-cost carrier's expansion. Details on the matter may be known later today and announced at the Paris Air Show, which began today. According to unofficial information, the order could be for up to 100 aircraft. 

The shares of MTU Aero (MTX.DE) are up nearly 5% on the back of an increase in financial forecasts for the current year. As Jefferies analysts report, attention will now turn to the Paris Air Show, where comments on GTF engines, which have dragged the company's shares down over the past few weeks, may fall. However, the company believes that the challenges associated with these engines were already factored into the prices and forecasts issued by the company earlier.

Listed information on the new forecasts. Source: Bloomberg

MTX company's shares extend today's dynamic rally, opening the first session of the week with a bullish price gap. Source: xStation 5

Changes in institutional holdings in individual companies of the DAX index (last session's data). Source: Bloomberg

HSBC Bank downgraded its recommendation on shares of BASF (BAS.DE) to a "hold" rating with a target price of 46 euros. The company's shares are currently losing nearly 3.2%.

Stock price chart of BASF (BAS.DE), D1 interval. Source: xStation 5

Powerful declines are being recorded today in the shares of Sartorius (SRT.DE), which are losing nearly 15% in the wake of the earnings warning issued and the lowering of earnings forecasts for this year. 

Source: Bloomberg

Morgan Stanley believes the magnitude of the warning from Sartorius AG is far more severe than even the most pessimistic expectations for fiscal 2023, and expects the consensus for both companies to fall by around 20%. Uncertainty about Sartorius' ability to achieve its long-term forecasts could affect the value of the stock, MS analysts added. 

The shares of Sartorius (SRT.DE) are slipping in the wake of the news below an important support zone that has been tested several times in the past. Source: xStation5

Major percentage changes and information from individual companies in the DAX index. Source: Bloomberg