Markets

Outlook for November 19: DAX is stuck. SAF and car manufacturers step on the gas!

Every setback is used these days by the bulls to get started again. So today too. After an initial weakness, the DAX® and EuroStoxx®50 rose again. The buyers received support from good economic figures, among other things. The order backlog in German industry rose more significantly than expected in September. However, both indices remained in the sideways trend that had been forming for a few days.

Yields on the bond market fell slightly. The yield on 10-year Bunds closed at minus 0.55 percent and the yield on comparable US bonds was fixed at 0.865 percent. The precious metals were meanwhile mostly friendly. The silver price was fixed above $ 24.50 per troy ounce. Palladium and platinum even improved by two percent each. The oil price rose not quite as strongly. The price for a barrel of Brent Crude Oil nevertheless pushed over the mark of 44 US dollars.

Company in focus

BioNTech and Pfizer increase significantly after the Covid-19 vaccine promises 95 percent protection instead of the 90 percent initially communicated. The German Stock Exchange When presenting the new “Compass 2023” strategy, stated that it wanted to increase sales and profits by double digits in the coming years. The management relies on both internal growth and acquisitions. Today the stock exchange announced that 80 percent of the ISS management is taking over. SAF Holland was more optimistic than a few months ago when presenting the business figures. The share reacted with a plus of over 16 percent. Weak outlook for Schaeffler temporarily pushed the SDAX® listed company below EUR 6. Siemens Healthineers applied for US emergency approval for the corona antibody test. After the two-day setback, the share was able to stabilize today at around EUR 37.50. The order backlog of German industry increased in September. The good news was reflected, among other things, in the course of the Solactive German mechanical engineering index contrary. The index has now reached the level before the outbreak of the corona crisis. The weak registration figures of the European automobile association ACEA have left no mark on auto stocks. Rather, the shares gave out BMW, Daimler and VW Gas. Got in the US Boeing the take-off permit for the unlucky jet 737Max. The stock took off in the first hours of trading. For US banks and Tesla strong.

Report from Europe tomorrow CTS Eventim, Knorr Bremse and ThyssenKrupp Business figures for the past quarter. ABB and Evotec invite you to the Investor Day and Borussia Dortmund to the Annual General Meeting.

Important appointments

  • Europe – Euro area current account, September
  • United States – Initial jobless claims for the week ending November 14th
  • USA – Philly Fed Industrial Index, November
  • USA – leading indicators, October

Chart technical outlook

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

Support marks: 12,810 / 12,980 / 13,050 points

After a setback at the beginning of trading, the DAX® turned north and reached the 13,200 point mark at the end of trading. As described in the past few days, the index finds a resistance zone between 13.230 and 13.310. This area has to be overcome. Until then, setbacks of up to 12,980 points must be expected again and again.

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

Observation period: September 18, 2020 – November 18, 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: November 19, 2013 – November 18, 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 8.07 12,900 March 16, 2021
DAX® index HR1PRA 6.81 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; 11/18/2020; 5:40 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 6.79 13,300 March 16, 2021
DAX® index HR1PRG 7.26 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; 11/18/2020; 5:41 pm

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This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and rewards of investing. You are about to acquire a product that is not easy and can be difficult to understand.

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The daily outlook for November 19: DAX is stuck. SAF and car manufacturers step on the gas! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Richard Pfadenhauer

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