Markets

Daily outlook for June 30th: DAX slightly recovered. Klöckner and Linde strong!

The stock markets (almost) caught up again on Friday from the start of the week. DAX®, EuroStoxx®50 and Dow Jones® each rose more than one percent. However, there is no clear trend. News about the corona pandemic is slowing the buying mood. Important economic data from China and the US are expected tomorrow. You may be able to provide impulses.

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Yields on the bond market continue to decline at the start of the week. The yield for 10-year federal bonds is currently -0.47 percent. The yield on comparable US securities was 0.63 percent. Gold priced above $ 1,770 a troy ounce. Platinum returned above the $ 800 mark. Quotes for a barrel of Brent Crude and WTI improved 1.6 percent and 2 percent, respectively. Nevertheless, they remain in the three-day range.

Focus on companies

airbus plans to cut production and deliveries by 40 percent for around two years. The share was able to improve significantly today. However, remains in descent. The German Lufthansa plans to offer around 40 percent of the flight schedule by the end of October. However, the investors did not get in. Rather, the paper stagnated in the range of EUR 9. HelloFresh marked a new all-time high. Klöckner dares to take an active role in industry consolidation. The stock responded to the report with a substantial premium. Basswood wants to benefit from the hydrogen hype. The entire sector was very popular with both investors today.

Cancom, HelloFresh, Knorr Bremse, Norma, Vonovia and Wacker Neuson invite tomorrow to the virtual general meeting.

Important appointments

  • China – Official Purchasing Manager Indices Industry and Services for China, June
  • Europe – Eurozone consumer prices, June
  • USA – Chicago Purchasing Managers’ Index, June
  • USA – Consumer Confidence, June

Chart technical outlook

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

Support marks: 11,630 / 11,800 / 12,060 / 12,200 points

With today’s recovery, the DAX® managed to break out of the short-term downward trend. However, the index lacks sustainable momentum. The index has been oscillating between 12,000 and 12,330 points since June 24. A trend can be seen at the earliest if there is a breakout from this range.

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

Viewing period: June 8th, 2020 – June 29th.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 30, 2013 – June 29, 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®HZ22MM7.0810,40014,90017.09.2020
DAX®HZ22NB4.9010,60014,00017.09.2020

Source: HypoVereinsbank onemarkets; As of June 29, 2020; 5:42 p.m.

You can find information on how inline warrants and numerous other products work here at onemarkets knowledge. You will find leverage and investment products for speculation on an upward or downward movement or sideways movement of the DAX® here.

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Please note the important information and the disclaimer.

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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