DAX Market Overview December 21, 2022: Aurubis With Best Score in Company History – Broker Test

Flatex: The German inventory index closed on Wednesday by way of Xetra with a acquire of 1.54 % at 14,097.82 factors.

Turnover by way of Xetra was solely about €2.15 billion – a moderately insignificant turnover.

Except Bayer inventory, all the remaining 39 shares on the DAX posted value good points.

Within the context of excellent numbers from the American competitor Nike, Adidas shares rose by 6.76% to 126.30 euros and took first place within the DAX index.

Different high-volume European indices in Amsterdam, London, Madrid, Milan, Paris and Zurich additionally managed to put up value good points.

The EuroStoxx50 Index rose by 1.83 % and ended Wednesday at 3,872.15 factors.

On Wall Avenue, the main US indices Dow Jones, Nasdaq 100 and S&P500 all closed with strong good points.

The Dow Jones Index proved to be the very best performer with a rise of 1.60 % and closed at 33,376.48 factors.

Aurubis with the very best consequence within the historical past of the corporate

Let’s check out a gaggle of Germany’s second inventory change, MDAX’s Aurubis. Aurubis is without doubt one of the largest copper producers on the earth and likewise a copper recycling firm.

You needed to rub your eyes on Wednesday as a result of Aurubis delivered the 2021/2022 fiscal yr with the very best consequence within the firm’s historical past.

Aurubis said that elevated metallic costs, sulfuric acid costs and excessive demand for copper merchandise offset considerably elevated vitality prices.

Gross sales have been €18.521 billion, working consequence (EBIT) €927.653 million and consolidated consequence €714.992 million. On a completely diluted foundation, this resulted in earnings per share of €16.37.

Analysts at Oddo BHF set the worth goal at €100.00 and voted it an outperformer.

The US Strategic Oil Reserve is at its lowest stage since 1983

Let us take a look at the US and the subject of vitality, extra particularly the weekly crude oil stock knowledge from the Power Data Administration (EIA).

The Power Data Administration indicated a lower in US inventories – the lower in comparison with the earlier week was 5.89 million barrels.

Notable, nonetheless, is the assertion that US reserves of the Strategic Petroleum Reserve are at a stage not seen since 1983.

Talking of vitality: by the best way, the primary gasoline was launched into the gasoline community on the newly constructed LNG terminal in Wilhelmshaven.

This truly went “too quick” by German requirements and actually deserves an applause!

Financial knowledge

This Thursday, GDP knowledge for the third quarter of 2022 are due for launch for Nice Britain (08:00) and the USA (14:30).

Additionally at 2:30 p.m., the Chicago Fed’s Nationwide Exercise Index for November, private consumption within the third quarter of 2022 and preliminary and persevering with jobless claims from the earlier week will likely be launched.

On the corporate facet, CarMax and Paychex, amongst others, are reporting on their present quarterly outcomes.

Most fairness markets within the Asia-Pacific area posted good points on Thursday.

US futures additionally rose.

The primary DAX indices have been 14,123 factors within the morning.

Graphing method

The German inventory index closed on Wednesday by way of Xetra with a acquire of 1.54 % at 14,097.82 factors.

Primarily based on the worth path from the final non permanent excessive on December 13, 2022 of 14675.84 factors to the low on December 20, 2022 of 13791.52 factors, the next targets for the highest and backside may be intently derived.

Resistance will likely be situated on the 14,129/14,234/14,338/14,467 and 14,676 marks.

On the marks of 14,000 and 13,792 factors, in addition to at projections all the way down to 13,583/13,454 and 13,245 factors, the next help areas may be recognized.

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