Daily outlook for December 8th: DAX still listless. K S, Covestro and Hapag Lloyd asked! – columns

December 07, 2020

from onemarkets blog

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The stock markets started the new week without inspiration. The ECB’s interest rate decision is due in the second half of the week. In addition, it is still uncertain whether a Brexit deal will come about. That drove investors on the defensive. The DAX®40 closed 0.2 percent lighter at 13,265 points and the EuroStoxx®50 0.4 percent down at 3,525 points.

On the bond market, yields fell slightly at the start of the week. The yield on 10-year Bunds took course to last week’s low of minus 0.54 percent. On the US market, the rally to the 1 percent mark was initially canceled. Rather, the yield on 10-year government bonds fell four points to 0.94 percent. Gold and silver continued to make up ground. Since last week’s low, the price of gold has improved by nearly $ 100 and silver is testing the breakout above the $ 24.50 mark. That also benefited the BANG index with four of the world’s largest gold mining companies. Meanwhile, the oil price paused today after the strong second half of the week. The price of a barrel of Brent crude oil thus remained below the US $ 50 mark again.

Company in focus

Bayer concluded the next cooperation in the field of gene therapies, this time with Atara Biotherapeutics. However, this message had no positive effect on the share price. Bilfinger achieves a book profit of more than 200 million euros through the resale of a subsidiary sold to the investor EQT in 2016. The SDAX® value started trading with significant increases. However, he couldn’t hold it and even closed slightly in the red. Covestro benefited from positive analyst comments. Hapag Lloyd plans to set sail again with all ships in 2021. The news was well received by investors. K + S again presented itself strongly today and crossed the EUR 8 mark. Linden tree will also cooperate with the gas network operator Snam in the hydrogen sector. The share lost a significant amount last week and, with today’s recovery, confirmed the reversal from Friday.

Gerresheimer and Munich Re invite you to investor day tomorrow.

Important appointments

  • Germany – ZEW economic expectations for Germany
  • Europe – Eurozone GDP Q3, second estimate
  • USA – productivity Q3,

Chart technical outlook

Resistance marks: 13,290 / 13,320 / 13,370 / 13,440 / 13,460 points

Support marks: 13,050 / 13,150 / 13,200 / 13,230 points

The DAX® opened weakly. In the course of the day, however, the index was able to make up a large part of the losses. From a technical point of view, the picture has hardly changed. On the upper side, resistances are in the way at 13,290 and 13,320 points. On the underside, the bulls grab again at 13,200 points at the latest.

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

Observation period: November 19, 2020 – December 7, 2020. Historical considerations are not reliable indicators for future developments. Source:

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

Observation period: December 8th, 2013 – December 7th, 2020. Historical considerations are not reliable indicators for future developments. Source:

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 8.06 12,900 March 16, 2021
DAX® index HR1PRA 6.88 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; December 07, 2020; 5:35 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 5.87 13,300 March 16, 2021
DAX® index HR1PRG 6.64 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 07, 2020; 5:36 pm

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The daily outlook for December 8th: DAX continues to be listless. K + S, Covestro and Hapag Lloyd asked! 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.

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