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Daily outlook for December 17th: DAX breaks out of sideways trend. Car values ​​and Deutsche Post in great demand! – columns

Wednesday,
December 16, 2020
17:53

of onemarkets blog

| Views: 75

The stock markets continued to rise today. The hope of increasing corporate profits in 2021, as well as the prospect of a further US economic stimulus package and an agreement in the Brexit negotiations, ensured confidence among investors. The DAX® improved by 1.3 percent to 13,565 points and the MDAX® rose at times to over 30,000 points. The Fed’s rate decision is due tonight.

“Risk-on” is the motto shortly before Christmas. Investors partially switched from the safe haven “bonds” to stocks. As a result, yields rose sharply today. The yield on 10-year Bunds rose by five points to minus 0.56 percent. The prices of precious metals were meanwhile a little firmer. The gold price was fixed above 1,850 US dollars per troy ounce and silver even made a short excursion above the 25 US dollar mark. The oil price lost momentum noticeably and fluctuated in a narrow range around yesterday’s closing level. The euro / US dollar surged above the resistance level of 1.215 US dollars, reaching its highest level since May 2018.

Company in focus

The chemical association VCI expects a slight recovery in 2021. Lanxess reacted with a price premium. This is likely to be due to the planned takeover of the competitor Emerald Kalama Chemical. The shares of BASF and Evonik bucked the trend. Continental-Chief Nikolai Setzer is continuing the restructuring course. In addition, the group is aiming for sales of around 37.5 billion euros for the current financial year. Both messages were received positively by investors and also shone on the shares of other suppliers such as Leoni and Schaeffler. The automotive stocks also gave a lot of gas BMW Daimler and especially VW. The German postal service expects up to 20 percent more packets in view of the lockdown. Investors acknowledged this with a price increase of 3.6 percent.

Wacker Chemie linvites to Personal-Financial.com Markets Day and the European automobile association ACEA publishes figures on new car registrations in Europe. The shares are moving away BMW, Daimler, Peugeot, Renault and VW in the focus of investors.

Important appointments

  • Europe – Euro zone consumer prices, November
  • France – Business Climate, December
  • USA – Philly Fed Industrial Index, December
  • United States – Initial jobless claims for the week ending December 12th

Chart technical outlook

Resistance marks: 13,360 / 13,420 points

Support marks: 113,140 / 13,180 / 13,230 / 13,310 points

The DAX® broke out of the week-long sideways trend today and screwed up to 13,565 points. The index is supported between 13,500 and 13,520 points. As long as this zone holds, there is a chance that the upward trend will continue towards the all-time high.

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

old
Observation period: November 20, 2020 to December 16, 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 17, 2013 – December 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® indexHR1PQW10.2512,900March 16, 2021
DAX® indexHR1PRA8.8813,450June 15, 2021
Source: HypoVereinsbank onemarkets; December 16, 2020; 5:41 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® indexHR1PQZ4.7313,300March 16, 2021
DAX® indexHR1PRG5.9212,900June 15, 2021

Source: HypoVereinsbank onemarkets; December 16, 2020; 5:42 pm

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The daily outlook for December 17th: DAX breaks out of sideways trend. Car values ​​and Deutsche Post in great demand! 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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