Monday with a positive tone in the markets thanks to the extension of negotiations on tariff policy between the United States and the European Union. In the index market, the Dax 40 rises by 0.8% and the Cac 40 by 0.3%.



Source: xStation

Dax 40 Quote



The German index Dax 40 advances by 0.8% during today's session and remains above the support established by the 50-day exponential moving average (blue curve in the chart). As long as the Dax 40 stays above this area, the overall upward trend remains stable (as determined by the exponential moving averages). The 14-day RSI returns to around 53 points (neutral values).

Corporate news

Commerzbank AG (CBK.DE) plans to sell a significant portion of the risk from its corporate loan portfolio, according to people familiar with the matter, as the German entity seeks to free up capital to defend itself against a potential takeover bid (OPA) from UniCredit SpA (UCG.IT). Commerzbank's shares rose by 1.6% today after the news.

Shares in the European energy sector fell due to worse-than-expected results from Shell Plc (SHELL.NL) and the decline in oil prices.

The energy giant reported weaker trading results for the second quarter and lower-than-expected earnings in its downstream business. Despite higher refining margins of $8.9/bbl (compared to $6.2) and chemical margins of $166/ton (compared to $126), Shell expects adjusted earnings in this segment to be below breakeven. Additionally, Shell forecasts a net result of between $400 million in losses and $200 million in profits, compared to the consensus estimate of a loss of $27 million. Stock activity is expected to be lower than in the first quarter. The company's shares fell by 2.55% today.