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Daily outlook for December 1st: DAX without impulses. Siltronic and Biotechs strong! – columns

Monday,
11/30/2020
17:41

from onemarkets blog

| Views: 224

At the beginning of the week, the stock markets continued the sideways trend of the previous week. Investors are still waiting for significant impulses. Some leading indicators are due for publication tomorrow. They may be ripping the markets out of lethargy.

The picture was similar to that of the equity market with bonds. Government bond yields remain at a low level. Meanwhile, the precious metals gold, palladium and silver continued to decline. Gold fell to 1,770 and silver fell below $ 22.50. There has been various reports of disagreement among the OPEC + countries regarding their short-term funding policy. A possible extension has ensured a noticeable recovery in the oil price in the past two weeks.

Company in focus

BASF benefited from positive analyst comments. Knorr brake received a major order from Schmitz-Cargobull. However, the share stagnated at Friday’s level. The Taiwanese GlobalWafers is keeping an eye on Siltronic thrown. The TecDAX® value then screwed up 8.5 percent and also pulled the share of the parent company Wacker Chemie up. Varta meanwhile distanced itself further from the recent lows and broke the short-term downtrend. Real estate shares were also very popular German living and Vonovia. The sector is particularly benefiting from the low interest rates. One of the strongest industry indices was also the European Biotech Index. At MTU Aero Engines and German Lufthansa there was meanwhile profit-taking.

Tomorrow the US Automobile Association will publish registration numbers for November. The shares are moving away BMW, Daimler, Peugeot, Renault and VW in the focus of investors. There are also Salesforce Figures for the past quarter and Siemens presents the annual report.

Important appointments

  • China – Caixin PMI Industry for China, November
  • Germany – Markit / BME purchasing managers index for German industry, November
  • Germany – Publication of labor market data for November
  • Europe – Markit’s industrial purchasing managers’ index for the euro zone, November
  • Europe – Euro zone consumer prices, November
  • USA – Hearing of Fed President Powell before the Banking Committee on the CARES Act
  • USA – ISM Industrial Purchasing Managers Index, November

Chart technical outlook

Resistance marks: 13,460 points

Support marks: 13,050 / 13,150 / 13,230 / 12,340 points

After a weak start, the DAX® got off to a good start and at times rose to 13,445 points. In the late afternoon, profits crumbled somewhat. Nevertheless, the index was initially able to establish itself above the support level of 13,340 points. This level could point the way for the next wave. As long as the mark lasts, there is a chance that the upward movement will continue to 13,460 points. On the other hand, if the index tilts below the line, there is a risk of consolidation to 13,230 points.

DAX® in points; Hourly chart (1 candle = 1 hour)

old
Observation period: November 9th, 2020 – November 30th, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

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Observation period: December 1st, 2013 – November 30th, 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® indexHR1PQW8.9012,900March 16, 2021
DAX® indexHR1PRA7.5513,450June 15, 2021
Source: HypoVereinsbank onemarkets; 11/30/2020; 17:30

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® indexHR1PQZ5.8113,300March 16, 2021
DAX® indexHR1PRG6.6112,900June 15, 2021

Source: HypoVereinsbank onemarkets; 11/30/2020; 5:31 pm

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The daily outlook for December 1st: DAX without impulses. Siltronic and Biotechs strong! first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Richard Pfadenhauer

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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