Markets

Daily outlook June 26th: DAX firm again. Lufthansa takes off!

DAX® & Co simply shook off yesterday’s uncertainty due to possible new trade conflicts and the bankruptcy of the DAX® group Wirecard today. The DAX® and EuroStoxx®50 each improved by around 1.1 percent to 12,220 and 3,230 points, respectively. However, there were no big jumps. The American indices started the trading day somewhat easier and were therefore unable to provide any impetus.

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Yields came under some pressure on the bond market. The yield on 10-year federal bonds fell to around -0.47 percent. The yield on comparable US securities was 0.67 percent. There was hardly any movement in the precious metals sector. Gold stagnated at around $ 1,760 per troy ounce and silver at $ 17.65. A similar picture emerged on the oil market. The prices for Brent and WTI remain stable at the previous day’s level.

Focus on companies

Bayer pays around $ 10 billion to compare in the glyphosate process. The deal was probably too expensive for some investors. The stock dropped over three percent today. The German Lufthansa got the green light for the state bailout package. The share then rose almost ten percent. Merck starts clinical trial for Covid-19 treatment. The share then improved by 2.5 percent. Wirecard filed for bankruptcy. The share then plunged over 70 percent. At the same time, investors are already speculating on a potential DAX® successor. In doing so count Delivery Hero and Symrise to the candidates.

FiatChrysler, RWE, Sartorius, Siltronic and Software AG invite you to the virtual general meeting tomorrow.

Important appointments

  • USA – Uni Michigan Consumer Confidence, June

Chart technical outlook

Resistance marks: 12,330 / 12,430 / 12,600 / 12,740 points

Support marks: 11,630 / 11,800 / 12,100 / 12,180 points

The DAX® formed a floor between 12,060 and 12,200 points and started a breakout attempt at the close of trading. However, he is currently too timid. This means that further resets to 12,060 points must be factored in. If the breakout succeeds, or even over 12,330 points, the bulls could take the scepter in hand again.

DAX® in points; Hourly chart (1 candle = 1 hour)

Observation period: June 10, 2020 – June 25.2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de

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

Observation period: June 26, 2013 – June 25, 2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de

Inline warrants on the DAX®

UnderlyingWKNSales price in eurosLower knock-out barrier in Pts.Upper knock-out barrier in pointsFinaler Valuation day
DAX®HZ22MM6.8610,40014,90017.09.2020
DAX®HZ22NB4.7710,60014,00017.09.2020

Source: HypoVereinsbank onemarkets; As of June 25, 2020; 5:41 pm

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This information does not constitute investment advice, but an advertisement. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. The prospectus including any supplements are decisive and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when deciding to invest. You are about to purchase a product that is not easy and difficult to understand.

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