Daily outlook for October 18th: Dax recovered. Real estate stocks in focus! | news

Daily outlook for October 18th: Dax recovered.  Real estate stocks in focus!  |  news

company in focus

Adidas pays out a majority of the proceeds from the sale of Reebok to shareholders. The sporting goods manufacturer’s stock reacted by jumping up. Bayer reported the menopausal drug to test elinzanetant in breast cancer patients and is now entering phase III. Drägerwerk dropped the forecast for the year as a whole due to delivery problems. The stock then fell significantly. K+S plans to invest a three-digit million amount in the realignment of the Werra plant. MorphoSys was buoyed by positive analyst comments. RWE leaves two lignite blocks connected to the grid longer than originally planned and expects additional income of up to one billion euros. They smell as well as numerous other real estate stocks from the second row such as Around town and TAG real estate were able to distance themselves further from the low of the past week. Nevertheless, a watchful eye remains on interest rates.

The strongest strategy and theme indices today included the Germany Top Stocks, European Biotech Index and real estate indices.

Tomorrow will be among other things Goldman Sachs, Johnson & Johnson, Netflix and Roche Publish figures for the past fiscal quarter. The European Automobile Association ACEA reports new registration figures for September and the Paris Motor Show has keynotes with Renault and BYD. This could allow car manufacturers like BMW, Mercedes Benz, Porsche, Renault, Stellantis and VW are in the focus of investors.

Important appointments

  • Germany: building permits, August
  • China: BIP Q3
  • China: Industrial Production, September
  • Germany: ZEW Indicator of Economic Sentiment, October
  • United States: Industrial Production, September
  • ECB Director Schnabel takes part in an alumni event at the University of Mannheim
  • Speech by Bundesbank President Nagel at the capital city reception of the Deutsche Bundesbank
  • Atlanta Bostic Fed President Attends Virtual Panel Discussion at WorkRise Conference on “Charting a Resilient Future for US Workers: Solutions for Navigating an Uncertain Economy,”
  • Minneapolis Kashkari Fed President participates in economic panel discussion and Q&A before the Women Corporate Directors Minnesota Chapter

Chart: DAX®

Resistance markers: 12,670/12,930/13,170 points

Support Tokens: 11470/11890/12000/12100/12300 points

Of the DAX® at the start of the week it was already squinting above the resistance level at 12,670 points. The significant breakout above the level has not yet succeeded. If this succeeds in the coming days, there is a chance of a recovery to 12,930 and later to 13,170 points. On the underside, the leading index continues to find a strong support zone between 12,100 and 12,300 points.

DAX® in points; Daily chart (1 candle = 1 day)

Observation period: June 18, 2021 – October 17, 2022. Historical observations are not reliable indicators of future developments. Source:tradingdesk.onemarkets.de

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

Observation period: 10/18/2014 – 10/17/2022. Historical observations are not reliable indicators of future developments.Quelle:tradingdesk.onemarkets.de

Factor certificates long on the DAX®

Underlying WKN Selling price in euros Factor Basic price in pt. Resetbarriere in Pkt. Final Valuation Date
DAX® HB9WK8 4,16 15 11.612,33738 12.026,897824 Open End
DAX® HB9WK6 6,40 10 11.197,720576 11.820,31384 Open End

Source: HypoVereinsbank onemarkets; Status: 17.10.2022; 17:00 o’clock

Factor certificates short on the DAX®

Underlying WKN Selling price in euros Factor Basic price in pt. Resetbarriere in Pkt. Final Valuation Date
DAX® HB9WKA 5,96 -15 13.264,670884 12.849,486685 Open End
DAX® HB9WKB 2,74 -20 13.057,362481 12.746,597254 Open End

Source: HypoVereinsbank onemarkets; Status: 17.10.2022; 17:00 o’clock

You can find information about how factor certificates and numerous other products work here at onemarkets knowledge.

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