Monday, 16 July 2012

German Market News


ECB: Publication of the Euro area HICP statistics, 10 a.m. CET.

Deutsche Bank has offered to cooperate with the European Commission and the Swiss authorities on investigations into alleged fixing of the LIBOR in return for leniency, reported Der Spiegel. The stock (-1.9% to E25.59) closed at a 3-month relative low against the Dax.

Deutsche Post's 2Q continued to be good according to the Co's CEO interviewed by the Sueddeutsche Zeitung.

Chemicals: Wacker Chemie (-0.59% to E54.31) reached a new 3-month relative low against the Dax.

Media: Axel Springer (+4.96% to E36.47) and Kabel Deutschland (+4.28% to E51.2) closed at a 3-month relative high against the Dax.

DE - Stock/Benchmark ratio(s) 50D MA cross over: Continental (+4.23% to E70.73), Deutsche Euroshop (+3.78% to E29.93), GEA Group (+2.03% to E21.87), SGL Carbon (+5.1% to E32.69)

Stock/Benchmark ratio(s) 50D MA cross under: Heidelbergcement (-0.24% to E37.22).

DE - Stock(s) 50D MA cross over: Daimler (+3.31% to E36.4), Hochtief (+1.57% to E38.5), Lanxess (+3.49% to E54.33), Aurubis (+2.41% to E38.68), Prosieben (+3.62% to E17.91), SGL Carbon (+5.1% to E32.69)

AT - Stock(s) 50D MA cross over: Erste Bank (+0.89% to E14.8).

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