Markets

Daily outlook for 07.07 .: DAX continues to rise. Adidas, Varta and oil in the spotlight!

Good specifications from Asia put investors in a buying mood right at the beginning of today’s stock exchange session. Good economic data followed during the day. For example, industrial sales and order intake in Germany rose in May and the ISM purchasing manager index for June. In addition, there was renewed confidence about an upcoming corona vaccine. The DAX® could not quite keep the daily high of 12,800 points. Nevertheless, the standard value index remained at a close of 1.6 percent at the close of trading. The French CAC®40 and the EuroStoxx®50 were equally strong. The US indices also started trading significantly higher after the holiday on Friday.

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The bond market started the new week little changed. The yield on 10-year government bonds stagnated at -0.43 percent. The yield on comparable US securities was listed at 0.70 percent. Quotes on precious metals were all firmer today. The price of gold rose above the $ 1,780 mark and the price of an ounce of silver slightly distanced itself from the $ 18 mark. Oil indicates another attempt to break out. However, the movements are currently not significant. The price of a barrel of Brent Crude Oil is quoted at $ 43.3. The wait for more tangible breakout signals continues.

Focus on companies

The reporting season has not yet started. With Beiersdorf however, the first DAX® group gave an indication for the first half of the year. The Nivea manufacturer reported a drop in sales of over ten percent in the first half of the year. Investors acknowledged this with a 1.4 percent discount. Adidas rose above the EUR 244 resistance level Commerzbank CEO Martin Zielke will resign. The paper grew by over seven percent today. Gerresheimer prepares for the Corona vaccine and starts up the production of injection vials. The Akie by Gerresheimer but also by SAP marked new all-time highs today. German postal service, Sixt and Varta benefited from positive analyst comments.

Important appointments

  • Germany – industrial production, May

Chart-technical outlook

Resistance marks: 12,930 / 13,090 points

Support marks: 12.12.520 / 12.685 / 12.740 points

The DAX® opened with a gap and squinted briefly above the 12,800 point mark. At the close, the index leveled off at around 12,740 points. The DAX® has cross support in the range of 12,650 points. As long as this level lasts, there is a chance of the upward movement continuing up to 12,930 / 13,090 points. A lasting deterioration in the mood can be seen at the earliest below 12,520 points.

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

Viewing period: 21.05.2020 – 06.07.2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de

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

Observation period: 07.07.2013 – 06.06.2020. 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®HZ22QZ3.4211,00013,70017.09.2020
DAX®HZ22NB5.3810,60014,00017.09.2020

Source: HypoVereinsbank onemarkets; Status: 06.07.2020; 5:49 p.m.

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