Markets

Daily outlook for 28.8 .: DAX a little easier. Lufthansa and Varta asked!

The US Federal Reserve today released details on its new monetary policy framework known. The US market participants accepted the changes with goodwill. The US indices started trading with some significant gains. However, the European markets could not benefit from this. Rather, the DAX® and EuroStoxx®50 lost 0.7 and 0.8 percent respectively over the course of the day.

At times there were strong swings in the bond market. By the end of trading, the situation calmed down and yields rose slightly compared to yesterday. The yield on 10-year Bunds rose to -0.395 percent. The yield for comparable US papers is currently 0.74. The precious metals developed somewhat weaker today. Gold retested the technically important support level of $ 1,920. The sideways movement on the oil market continues. After the brief breakout above 45.5 US dollars, the price for a barrel of Brent today turned back below the 45 US dollar mark.

Company in focus

Of the German postal service-Chef today confirmed the forecasts for 2020 and 2021. Market participants took the news today as an opportunity to take profits. At times, the share gained over 16 percent in August. Aroundtown came under pressure after a negative analyst comment Instone Real Estate the planned capital increase did not go down well. Delivery Hero had to give way today after high losses in the past fiscal quarter. In contrast, car stocks such as BMW and VW such as MTU Aero Engines. The share of German Lufthansa temporarily exceeded the EUR 9 and Varta marked a new all-time high.

Important appointments

  • Germany – GfK consumer climate
  • Europe – business confidence, business climate
  • USA – Jackson Hole Symposium
  • USA – purchasing managers index
  • USA – Uni Michigan Consumer Confidence

Chart technical outlook

Resistance marks: 13,230 / 13,300 points

Support marks: 12,670 / 12,900 / 13,030 / 13,100 points

After a very friendly start with a listing of up to 13,230 points, the DAX® turned south in the morning. In the afternoon there was a second attempt at the mark of 13,200 points. But again there was a lack of follow-up purchases. The DAX® tests the support of 13,100 points at the close of trading. If it falls below this mark, there is a risk of a setback to 13,030 points. As long as this level holds, there is a chance of a rebound up to 13,230 / 13,300 points. Below 13,030 points, sentiment could deteriorate in the short term.

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

Observation period: 08/07/2020 – 08/27/2019. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

Observation period: 08/28/2013 – 08/27/2019. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

Inline warrants on the DAX®

UnderlyingWKNSales price in eurosLower knock-out barrier in PointUpper knock-out barrier in pt.Final Valuation day
DAX®HR03FZ5.4911,60014,000October 15, 2020
DAX®HR03G77.4112,00014,800October 15, 2020

Source: HypoVereinsbank onemarkets; As of: 08/27/2020; 5:48 pm

You can find information about 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.

NEW: Cashback trading – when the issuer pays my order fees!

Place the order as usual through your broker or bank. Cashback via the free Cashbuzz app or online via the website activate. Credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant 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 making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

Tags

Related Articles

Back to top button
Close
Close