Markets

Daily outlook for December 10th: DAX with slight gains. ECB, Gold and ThyssenKrupp in focus! – columns

Wednesday,
December 09, 2020
17:50

from onemarkets blog

| Views: 210

The prospect of another US corona aid package gave the stock markets a tailwind at times. However, the bulls were not strong enough to break out of the sideways trend of the past few days. Rather, DAX® & Co had to give up part of their profits in the afternoon. The decisive impulse may come tomorrow when the ECB presents its package of Corona measures. There is also the chance of an amicable Brexit solution.

There were short-term significant fluctuations on the bond market. In the course of the day, however, the prices leveled off in a narrow range. The yield on 10-year Bunds stagnated at a very low level of minus 0.6 percent. In the US, yields rose again somewhat. In the case of precious metals, the bears took over the scepter today in the face of hopes for a US economic stimulus program. The gold price fell by around 30 US dollars to 1,840 US dollars and the silver price to 24 US dollars per troy ounce. The economic optimism was also reflected in a slight increase in the oil price. The price for a barrel of Brent Crude Oil was approaching the US $ 50 mark.

Company in focus

After yesterday’s fall, the share showed itself off ams today recovered significantly. Aurubis raised dividends after strong earnings growth. BioNTech relinquished when it became known that people in the UK with significant allergies are not receiving corona vaccination. Covestro has again revised its forecasts for the full year upwards. The share then rose to its highest level since May 2019. After recently good numbers reported Hapag Lloyd today that there could be bottlenecks in the cargo hold. The stock fell slightly today. ThyssenKrupp benefited from positive analyst comments. Among the sectors, the automotive sector stood out with above-average gains.

Tomorrow starts Airbnb to the stock exchange. Adobe and Oracle put numbers for the past quarter and TUI the data for the previous financial year. HelloFresh meanwhile invites you to investor day.

Important appointments

  • Europe – ECB interest rate meeting – interest rate decision (13:45) – PK with ECB President Lagarde (14:30)
  • France – industrial production, October
  • United States – Initial Jobless Claims for the Week Ending December 5th
  • USA – Consumer Prices, November

Chart technical outlook

Resistance marks: 13,420 / 13,460 points

Support marks: 13,050 / 13,150 / 13,290 / 13,315 / 13,340 points

After gaining at the start of trading, the DAX® turned south at around 13,420 points and closed around the 61.8% retracement line at 13,340 points. As long as the market holds, there is a chance of a rebound to 13,420 / 13,460 points. On the underside, the DAX® finds a support zone between 13,290 and 13,320 points.

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

old
Observation period: November 16, 2020 – December 9, 2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de

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

old
Observation period: December 10, 2013 – December 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 8.47 12,900 March 16, 2021
DAX® index HR1PRA 7.22 13,450 June 15, 2021
Source: HypoVereinsbank onemarkets; 02/09/2020; 5:39 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 5.35 13,300 March 16, 2021
DAX® index HR1PRG 6.23 12,900 June 15, 2021

Source: HypoVereinsbank onemarkets; December 9, 2020; 5:40 pm

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The daily outlook for December 10th: DAX with slight gains. ECB, Gold and ThyssenKrupp in focus! 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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