The stock markets presented themselves inconsistently today. Neither good company figures nor the new iPhones from Apple were able to put investors in a buying mood. The DAX® fluctuated within a narrow range above the 13,000 point mark and the EuroStoxx®50 at around 3,275 points. A lot of economic data is due for publication tomorrow. Further company data is also expected.
Yields in the bond markets continued to slide today. The yield on 10-year Bunds gave 2.5 points to -0.57 percent and approached the April low. The yield on comparable US papers has lost six points to 0.72 percent since the beginning of the week. The precious metals remained stable meanwhile. The gold price was able to regain the US $ 1,900 mark. Oil was also friendly, scratching recent highs. If a barrel of Brent Crude Oil breaks out above US $ 43.40, there is a chance of a recovery to US $ 46.
Company in focus
Continental and handle benefited from positive analyst comments. Delivery Hero was boosted by good numbers from competitor Just Eat. The share of Covestro put away the capital increase of 450 million euros and stagnated around EUR 44.40. DermapharmMajor shareholder Themis has sold almost 5.4 million shares. The paper listed in the SDAX® then lost over eight percent. Nordex announced that fewer orders were received in the third quarter than a year earlier. Nevertheless, the paper climbed towards the high of summer 2019. Siemens Healthineers launches a corona rapid test. The share then pushed up around three percent. Teamviewer confirmed the breakout above the resistance level of EUR 43.50 and is now aiming for the next hurdle of EUR 46.20. Varta benefited from the launch of Apple’s new iPhones 12. The battery manufacturer rose above the EUR 120 mark.
Tomorrow report among other things Hochtief, LVMH, Morgan Stanley, Rio Tinto and Roche over the past fiscal quarter. metro wants to submit a statement on the offer from investor Kretinsky.
- China Consumer Prices, September
- France – consumer prices, September
- USA – Empire State Index, October
- United States – Initial Jobless Claims for the Week Ending October 10th
- USA – Philly Fed Industrial Index, October
Chart technical outlook
Resistance marks: 13,100 / 13,170 / 13,250 points
Support marks: 12,970 / 13,000 points
The DAX® fluctuated in a narrow range between 12,980 and 13,060 points and closed above 13,000 points. There is currently a lack of significant momentum. Dynamic comes at the earliest when breaking out of the 12,970 / 13,050 point range. On the upside there is a chance of a recovery to 13,145 points. A setback of up to 12,850 points threatens on the bottom.
DAX® in points; Hourly chart (1 candle = 1 hour)
Observation period: 17.09.2020 – 14.10.2020. 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 15, 2013 – October 14, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de
Inline warrants on the DAX®
|Underlying||WKN||Selling price in euros||Lower knock-out barrier in Pt.||Upper knock-out barrier in pt.||Final Valuation day|
|DAX®||HR03N7||7.39||12,000||15,100||December 17, 2020|
Source: HypoVereinsbank onemarkets; Status: October 14, 2020; 5:45 pm
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The daily outlook for October 15: DAX stagnates. Nordex, Siemens Healthineers and Varta asked! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Richard Pfadenhauer