Markets

Daily outlook for May 27: DAX rises to 11,500. Focus on Lufthansa and Siemens!

Yields rose slightly on the bond market. The yield on 10-year German government bonds rose to minus 0.43 percent and the yield on comparable US securities was listed at 0.70 percent. The precious metals presented themselves more easily. However, gold and silver were able to defend their support levels of $ 1,700 and $ 17, respectively. The price of a barrel of Brent Oil continued to hover around the $ 35 range.

Focus on companies

The share of German Lufthansa continued the climb started yesterday and passed the EUR 9 mark. MTU Aero Engines encountered an important resistance level at EUR 150. Will it be overcome? The Munich Re rose above the 10- and 20-day average line and was one of the biggest winners in the DAX® today. Siemens announced the spin-off of the energy division. First, the Siemens shareholders receive one Siemens Energy share in the deposit for two Siemens shares. Around 45 percent of Siemens Energy will initially remain with the mother. Participation is likely to be reduced in the medium term. Siltronic benefited from positive analyst comments today. ThyssenKrupp has passed the EUR 6 mark and is aiming for the April high. The annual accounts of Wirecard is delayed again. This pushed the course today. The share of Aston Martin reacts with a course jump of Kanpp 25 percent after Mercedes AMG boss Tobias Moers takes over the executive chair in August.

Aareal Bank, Bechtle, Freenet, Hugo Boss, Morphosys and Vossloh invite you to the virtual general meeting tomorrow. Renault, Nissan and Mitsubishi publish plans to redesign Alliance.

Important appointments

  • USA – Fed publishes Beige Book

Chart technical outlook

Resistance marks: 11,740 / 12,280 points

Support marks: 11,000 / 11,055 / 11,100 / 11,160 / 11,220 / 11,250 / 11,440 points

After a strong opening, the DAX® broke the 11,500 point mark. In this area, however, he ran out of steam. The index is initially supported at today’s low of 11,440 points. If this level is not reached, the gap that has been broken today threatens to be closed and a reset to 11,400 points could follow. As long as the 11.220 point level is not fallen below, the short-term upward trend remains intact and the recovery can continue to 11,740 / 12,280 points.

DAX® in points; 4-hour chart (1 candle = 4 hours)

Viewing period: 07.04.2020 – 26.05.2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de

DAX® in points; Weekly chart (1 candle = 1 week)

Observation period: May 27, 2014 – May 26, 2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de

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