Daily Forecast for July 8: DAX continues to improve. Automobile manufacturers’ demand and hydrogen shares! | News

The DAX®, CAC®40 and EuroStoxx®50 stock indices continued the recovery that started yesterday. Investors hope that inflationary pressure will ease as the oil market stabilizes. In the bond markets, most of the 10-year government bond yields slightly increased. However, they are still trading well below their most recent highs.

Precious metals such as gold and silver are among the biggest losers today. They were not desirable in the downturn phase of stock exchanges, and now they also cannot benefit from falling yields. Commodity investors look more at the price of oil. After two trading days with significant losses, the price of a barrel of Brent Crude crude rose again today. This initially confirmed the $ 100 level and the 200-day moving average of $ 94.80 as support levels.

company in focus

German Lufthansa flew towards the 6 euro resistance after main shareholder Kühne increased his stake to 15.01%. this German post office tested a key resistance level. Porsche stepped on the gas after the analyst’s positive comments. The entire sector was among the biggest winners today. Chemical stocks such as BASF, Covestro and Lanxess. However, these stocks came under a lot of pressure last week.

Today’s strongest strategy and topic indexes included: Global Green Technology Index, Global Hydrogen Index as well as der Solactive German Mechanical Engineering Index.

Car sales data for June will be released in the US tomorrow. It moves the shares of car makers like BMW, Mercedes Benz, Porsche, Renault, Stellantis and VW the center of attention.

Important meetings

  • United States – Employment Report

Chart: DAX®

Resistance tokens: 12,900/13 100/13 440/13 570 points

Support Tokens: 11,470/11890/12400/12670 points

DAX® started today’s trading day with price increases and gradually expanded them. At 12,850 points, however, the bulls ran out of breath. This means that for now the resistance remains at 12,900 points. If the break above the level is successful, there is a chance of a permanent respawn to 13,100/13,440 points. On the other hand, the leading index finds solid support at 12,440 points.

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

Period of observation: October 8, 2020 – July 7, 2022. Historical observations are not reliable indicators of future events. Source: tradingdesk.onemarkets.de

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

Observation period: 07/08/2014 – 07/07/2022. Historical observations are not reliable indicators of future events. Source: tradingdesk.onemarkets.de

Discounted purchase guarantees for DAX®

Essential WKN Selling price in euros basic price in point Cap level (upper course limit) in point finalValuation day
DAX® HB6W3Q 3.03 * 12,500 13,000 August 16, 2022
DAX® HB6W3E 4.26 * 11500 12,000 August 16, 2022
* maximum repayment amount of EUR 5; Source: HypoVereinsbank onemarkets; As of 07.07.2022; 5:30 pm

Sales guarantees with a discount on DAX®

Essential WKN Selling price in euros basic price in point Cap level (lower course limit) in points finalValuation day
DAX® HB6W4T 2.09 * 13,000 12,500 August 16, 2022
DAX® HB6W4N 1.40 * 12,500 12,000 August 16, 2022
* Max. The repayment amount is 5 euros; Source: HypoVereinsbank onemarkets; Status: 07/07/2022 17:30

You can find information on how rebate orders work and many other productshere at onemarkets knowledge.

Cashback Trading – when the issuer pays the fees for my order!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to € 50 per transaction (for transactions from € 1,000) up to a maximum of € 1,000 per month. More information at: www.onemarkets.de/cashback

Please note important information and disclaimer.

This information does not constitute investment advice, but an advertisement. The public offering is made solely on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus should not be interpreted as a recommendation to buy these securities from UniCredit Bank AG. The prospectus containing all supplements and final terms are authoritative only. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities involved in making an investment decision. You are about to buy a product that is not simple and may be difficult to understand.

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