European Stocks Throwing Caution to The Wind

General market situation:

European shares are gaining relatively strongly during today’s session, as the declines that began after the announcement of customs changes on car imports to the US have been halted. However, investors are now anxiously awaiting tomorrow, which is to bring further customs changes, the so-called “Liberation Day”.

The German DAX is currently gaining 1.3%, while the French CAC40 is adding 0.90%. The most important macroeconomic data for today are the PMI data from the industrial sector for the world’s main economies.

Distribution of today’s rates of return for companies from Europe. Source: xStation

The German DE40 index is gaining 0.35% today on an intraday basis and is defending a key technical support point, marked by the 50-day EMA (blue line on the chart) and the local minimum of the consolidation from the turn of February and March. The key to analyzing further potential index behavior may be the element of further demand and supply behavior for the current zone (maintaining above or returning below the zone). Source: xStation

News:

Adidas (ADS.DE) shares are gaining slightly over 3% during today’s session after Stifel maintained its recommendations for the company’s shares with a “buy” rating and a target price of EUR 280. Despite geopolitical uncertainty and consumer demand risks, the company confirmed all forecasts for fiscal year 2025 published in early March, including double-digit growth for the adidas brand in North America and Europe. Sales are expected to increase by 5% to 10% at constant exchange rates in 2025, and operating profit (Ebit) is expected to reach EUR 1.7 to 1.8 billion.

Shares of software company SAP (SAP.DE) are up 1.4% after surprisingly good results and improved prospects from US company Progress Software gave the company a boost. Another important aspect is the broad-based improvement in sentiment towards technology companies.

Shares of TUI (TUI.DE) are currently gaining more than 3.5% after Hauck Aufhäuser Investment Banking gave the company a “Buy” rating.

More news from DAX companies. Source: Bloomberg Financial LP

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