Markets

Daily outlook for November 17th: DAX firmer again. Nordex and MTU Aero Engines are in great demand.

A week after BioNTech / Pfizer, Moderna has now reported surprisingly good results for phase III of the corona vaccine they have developed. After the course fireworks last week, there was no new rally. However, investors remained in the buying mood and pushed the DAX® up by around 0.6 percent to just under 13,150 points. The EuroStoxx®50 even improved by 1.1 percent to 3,470 points.

At the beginning of the new week, there were initially strong fluctuations on the bond market. In the further course of trading, however, the quotations of government bonds leveled off again in the range from the Friday close. The yield on 10-year government bonds closed at minus 0.55 percent. The yield on comparable US securities has meanwhile been fixed at 0.9 percent. There was also little movement in gold and silver. It was different on the oil market. Today the cops put the pressure on again. The breakout succeeded above the resistance level of 43.80 US dollars. The next hurdle is at $ 45.80.

Company in focus

Covestro tested the resistance level at EUR 46.50 today. A breakout above the level could initiate a medium-term trend change. MTU Aero Engines benefited from an exclusive contract with Air Serbia for the maintenance, repair and overhaul of the engines. Airbus, Continental and Nordex were spurred on by positive analyst comments. Today there was again speculation about what Siemens Energy could possibly enter the MDAX® in December. The paper of the Siemens subsidiary was noticeably stronger today. VW confirmed the medium-term goals. The stock cracked the September high today. Real estate stocks like German living and Vonovia meanwhile were among the losers again.

Report from Europe tomorrow Zooplus and from the USA Walmart Business figures for the past quarter. Richemont also invites you to an extraordinary general meeting.

Important appointments

  • USA – Industrial Production, October

Chart technical outlook

Resistance marks: 13,230 / 13,310 / 13,460 points

Support marks: 12,670 / 12,810 / 12,900 / 12,960 points

The DAX® opened with an upward gap and improved over the course of the day to 13,280 points. In the afternoon, however, the index gave up part of the daily gains and settled in the area of ​​13,170 points. On the upper side, the resistance zone remains between 13,230 and 13,310 points. The DAX® finds support at 12,960 / 13,000 points. A new trend can only be seen when the sideways trend breaks out at the earliest.

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

Observation period: 14.09.2020– 16.11.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

Observation period: 11/17/2013 – 11/16/2020. 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

UnderlyingWKNSelling price in EURBase price / knock-out in pts.last valuation day
DAX® indexHR1PQW8.0712,900March 16, 2021
DAX® indexHR1PRA 6.8613,450June 15, 2021
Source: HypoVereinsbank onemarkets; 11/16/2020; 5:32 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® indexHR1PQZ7.2313,300March 16, 2021
DAX® indexHR1PRG7.6112,900June 15, 2021

Source: HypoVereinsbank onemarkets; 11/16/2020; 5:33 pm

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