Markets

Outlook for November 3rd: DAX recovered significantly. Daimler and Linde asked!

The stock markets shook off last week’s sell-off at the start of the week and mostly screwed up strongly. The markets received support from good economic figures, among other things. The ISM index for industry in the US rose faster than expected. In addition, there is a billion-euro program in Germany for the ailing automotive industry in planning. The DAX® improved by around two percent to 11,800 points and the EuroStoxx®50 by 2.1 percent to 3,020 points over the course of the day. Among the sector and strategy indices, the Solactive Deutscher Maschinenbau and the Global Hydrogen Index fell in particular. There will be voting in the USA tomorrow. So it could possibly get a little more volatile in the next few days.

On the bond market, bond prices moved in a narrow range around the closing level on Friday. The yield on 10-year Bunds closed at minus 0.63 percent. The US bond market opened little too. The yield on 10-year government bonds stagnated at around 0.84 percent. Precious metals were mostly stronger at the start of the week. The price of gold improved to $ 1,990 and silver rose to $ 24. The World Gold Council reported a significant drop in demand for gold in the third quarter. At the start of trading, the oil price swung down significantly. In the course of the day, however, the prices turned positive. The price of a barrel of Brent Crude pushed over the mark of 38 US dollars. The euro / US dollar exchange rate hit the lows of September today. If the exchange rate falls below 1.16 US dollars, a sustainable trend change could be initiated.

Company in focus

Daimler announced a cooperation in the development of fuel cells with Volvo. The auto share then gave a lot of gas. Fuchs Petrolub announced the acquisition of Polysi Technologie, a manufacturer of silicone lubricants. After stabilizing around EUR 44, the paper settled above this level today. Linden tree started producing green hydrogen in the USA. Investors responded to the report with a price increase of almost four percent. On Thursday the DAX group reports figures for the past quarter. Siemens Healthineers presented figures today. Accordingly, sales and profits were below the previous year’s level. However, management expects business to pick up in the current 2020/21 financial year. After a strong start to trading, the share lost its gains and closed with little change at EUR 36.80.

Tomorrow, among other things, report from Europe AXA, Bayer, BNP Paribas, Evonik, Ferrari, Fuchs Petrolub, HelloFresh, Hugo Boss, Klöckner and Pfeiffer Vacuum Business figures for the past quarter.

Important appointments:

  • Tomorrow is the election of the US President!
    • Europe – Eurogroup meeting
    • USA – Industrial orders, September

Chart technical outlook

Resistance marks: 12,260 points

Support marks: .310 / 12,380 / 12,480 points

The DAX® got off to a friendly start into the new week and settled in the area of ​​11,800 points at the close of trading. This allowed the hurdle to be exceeded at 11,690 points. The next resistance level builds up in the area of ​​11,900 points. On the lower side, the DAX® finds a broad support zone between 11,380 and 11,690 points. The upcoming election in the US could potentially give the index significant impetus. On the upside, there is a chance of a recovery to 12,260 points.

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

Observation period: August 18, 2020 – November 3, 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: July 24, 2014 – July 23, 2019. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

You will find leverage products for speculation on an upward or downward movement or sideways movement of the DAX® here.

Call warrants on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.last valuation day
DAX® indexHR1W875.5811,600December 01, 2020
DAX® indexHR1W8F 3.2912,000December 01, 2020
Source: HypoVereinsbank onemarkets; 11/02/2020; 5:44 pm

Put warrants on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.last valuation day
DAX® indexHR1WAH 3.2811,500December 01, 2020
DAX® indexHR1WAB2.4711,200December 01, 2020

Source: HypoVereinsbank onemarkets; 11/02/2020; 5:44 pm

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