The majority of the stock markets started the new week on a friendly basis and quickly reached the highs of the previous week. There, however, there was a lack of significant follow-up purchases so that there was initially no outbreak above the levels. The central topic on a generally quiet trading day was the plans of the German stock exchange to possibly increase the DAX® from 30 to 40 members and to increase the MDAX® accordingly from 60 to 50 members. The DAX® closed with a plus of 0.9 percent at 12,800 points and the EuroStoxx®50 0.75 percent higher at 3,215 points.
Some economic data is due to be released tomorrow. It is still open whether they will give the DAX® sustainable impetus. In the run-up to the reporting season, however, many investors are holding back. Meanwhile, the Daimler share should be in focus.
Investors today showed themselves to be more willing to take risks again. This was also reflected in the bond market. The yield on 10-year Bunds rose by four points to -0.508 percent and the yield on comparable US bonds to 0.745 percent. Investors on the bond market were cautiously optimistic. Gold rose to the $ 1,920 mark and silver hovered around the $ 24 an ounce mark. More significant premiums were observed on the oil market. The price of a barrel of Brent Crude made up for Friday’s losses and rebounded around 4.6 percent to $ 41.10. The oil price has been stuck in a range between 38.50 and 46 US dollars for around four months and there are currently no signs of breaking out of the range.
Company in focus
After two days of heavy losses, the share has fallen from Bayer stabilized at EUR 46.80. K + S could earn more from the planned sale of the US salt business than initially expected. The MDAX® value then increased by double digits. Vinci is interested in ACS division. The ACS subsidiary Hochtief also benefited from this. TUI plans a capital increase. The paper will then sink slightly. Lanxess and ThyssenKrupp benefited from positive analyst comments. Zalando with a new all-time high.
Daimler invites you to the investor conference tomorrow.
- Germany – incoming orders from industry
- USA – Trade Balance
Chart technical outlook
Resistance marks: 12,900 / 13,060 points
Support marks: 12,420 / 12,600 / 12,700 / 12,800 points
The DAX® rose to over 12,800 points at the start of the week and still has room for up to 12,900 points to reach the next resistance level. However, sales were weak. Further setbacks up to 12,700 points cannot be ruled out. Significant movements become apparent at the earliest with an outbreak above 12,900 points or below 12,700 points.
DAX® in points; Hourly chart (1 candle = 1 hour)
Observation period: 16.09.2020 – 05.10.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
DAX® in points; Weekly chart (1 candle = 1 week)
Observation period: October 6, 2013 – October 5, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
Inline warrants on the DAX®
|Underlying||WKN||Sales price in euros||Lower knock-out barrier in Pt.||Upper knock-out barrier in pt.||Final Valuation day|
|DAX®||HR03N7||4.95||12,000||15,100||December 17, 2020|
Source: HypoVereinsbank onemarkets; Status: 05.10.2020; 5:39 pm
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