- DE40 knocks out new historic highs
- Deutsche Bank and Zalando at the top of the DAX index
- Barclays optimistic on Airbus shares
Overall market situation:
Wednesday's session on European stock markets has been continuously bullish. Germany's DAX is currently gaining nearly 0.32% and has broken out to new historic highs. The macro calendar for today's session is almost empty. In Germany, shares of Deutsche Bank (DBK.DE) and Zalando (ZAL.DE) are doing particularly well.
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European companies traded during Wednesday's trading session are mostly down today. Source: xStation 5
Germany's benchmark DE40 is trading up 0.32% during today's session. ย The main control level remains around 18155 points. A downward break through these zones could encourage the supply side to initiate a corrective move. Source: xStation 5
News:
Deutsche Bank (DBK.DE) shares are gaining nearly 2.7% during today's session. The bank's earnings momentum and cost progress were underestimated by the market, wrote a Morgan Stanley analyst and upgraded the stock to "overweight."
BMW (BMW.DE) lost 1.4% after Jefferies downgraded its rating. The company's analyst believes that the full distribution of free cash has been priced in by the market.
Barclays raised its rating on Airbus (AIR.DE) shares to "hold" and increased its target price to 202 euros from the previous 154 euros. According to the bank, the earnings profile and cash flow are more predictable than Boeing (BA.US). The company's shares are currently gaining 0.6%.
