Markets

Daily outlook for November 10th: DAX rises above 13,000 points. Focus on Apple and Airlines!

Today there was a fireworks display on the stock markets. Biotechnology company BioNTech and Pfizer have reported positive results on Phase III of their Covid vaccine study and are now applying for approval. This announcement and the prospect of a decision in the US election put investors in a buying mood. The DAX® shot up almost six percent to 13,200 points and the EuroStoxx®50 even improved by around seven percent to 3,425 points.

Today “Risk-On” was the motto. So investors parted ways with safe securities like government bonds. The yield on 10-year Bunds rose by 12 points to -0.52 percent and the yield on comparable US bonds rose by eleven points to 0.95 percent. Most of the precious metals also came under pressure. Gold lost more than four percent to 1,860 US dollars and was thus based on an important support. The price of silver at times dropped two dollars to $ 24. Only palladium was able to defend the previous week’s gains and closed at just under 2,500 US dollars an ounce. After an inconsistent start, the oil price was infected by the share rally at midday. The price for a barrel of Brent crude oil raced through the hurdle of 41.20 US dollars and only came to a halt in the area of ​​the October high of 43.50 US dollars.

Company in focus

Last week there were numerous titles that posted double-digit growth on a weekly basis. Today it made a number of stocks in one day. Especially the badly battered Airbus, Deutsche Lufthansa and MTU Aero Engines took off. The two insurers also achieved above-average growth in the DAX® alliance and Munich Re. Bayer applied for approval in the EU and the US for finerenone, which can be used to treat kidney disease in type 2 diabetes. The paper improved by more than eight percent today. The Deutsche Bank sold the IT subsidiary Postbank Systems and rose today to its highest level since July 2020. At Adidas, speculations about a separation from Reebok are causing fantasy.

Tomorrow, among other things, report from Europe 1 × 1 Drillisch, Adidas, Alstom, Deutsche Post, Deutz, Eckert & Ziegler, Henkel, Jenoptik, Schäffler, Siemens Energy, Teamviewer, Uniper and United Internet Business figures for the past quarter. Apple invites you to the next keynote in the evening.

Important appointments

  • China Consumer Prices, October
  • Germany – ZEW economic expectations for Germany
  • France – ILO unemployment rate, Q3
  • France – industrial production, September

Chart technical outlook

Resistance marks: 13,160 / 13,310 points

Support marks: 12,670 / 12,810 / 12,960 points

The good mood on Friday also lasted this morning and caused a gap above the 12,600 point mark at the opening. After the positive report about a possible Covid-19 vaccine, the DAX® shot to almost 13,300 points at times. In the late afternoon, some market participants took profits. Nevertheless, the index managed to defend the 13,100 point mark. The index is currently supported in the range of 12,960 / 13,000 points. As long as this zone lasts, there is a chance of a continuation of the upward movement to 13,300 points.

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

Observation period: August 31, 2020 – November 9, 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: 11/10/2013 – 11/9/2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

You can 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

Underlying WKN Selling price in EUR Base price / knock-out in pts. last valuation day
DAX® index HR1PQW 8.50 12,900 March 16, 2021
DAX® index HR1PRA 6.64 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; 11/09/2020; 5:31 pm

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

Underlying WKN Selling price in EUR Base price / knock-out in pts. last valuation day
DAX® index HR1PQZ 7.62 13,300 March 16, 2021
DAX® index HR1PRG 7.87 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; 11/09/2020; 5:43 p.m.

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