15.10.2024

Pre-close calls at Porsche and VW + Carl Zeiss with new partnership + Share placement weighs on Deutsche Bank after the close + New quarterly figures start today + SHARES IN THE FOCUS: Freenet at high since 2018 and optimism ahead of quarterly figures

Porsche AG $P911 (-0.41%) on the other hand, lost 2.0 percent. A pre-close call by the car manufacturer did not go down well with investors. Also VW $VOW (+1.96%) also fell by 0.5 percent. The car manufacturer also organized a pre-close call on Monday. However, no details were known by the close of trading. In addition to weak sales in China, the value of shareholdings is also under scrutiny: In the previous week, analysts at Baader had reduced the valuation of the stake in NorthVolt, in which Volkswagen holds a 20 percent stake, from 10 billion euros to zero.

Carl Zeiss $AFX (+0.2%) is entering into a partnership with Hyundai Mobis to develop transparent displays in windscreens. Mass production is due to start in five years and could raise safety standards in vehicles

The shares of Deutsche Bank $DBK (-1.71%) came under pressure in after-hours trading on Monday. They recently lost around 1.2 percent to 16.15 euros on the Tradegate trading platform. As reported by the Bloomberg news agency, Deutsche Bank is planning to place 16 million of its own shares at a price of 16.01 euros. Such a share placement dilutes the shares of existing shareholders. The bank's shares rose by almost twelve percent last month.

The shares of Freenet $FNTN (-1.23%) rose to their highest level since March 2018 on Monday. The shares of the mobile and TV provider recently rose by 1.3% to €27.48, making them one of the strongest stocks in the MDax mid-cap index. They also broke away even more clearly from the 21-day line as an indicator of the short-term trend, which they had already left behind last week. In a study at the beginning of the week, Warburg analyst Simon Stippig takes an optimistic view of the upcoming figures for the third quarter. Above all, information on Freenet's medium-term ambitions could become a price driver, he wrote. The dividend yield with the potential for additional growth from the mobile provider's television business is attractive, he said.

Tuesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Vinci EUR 1.05

AbbVie USD 1.55

Quarterly figures / company dates USA / Asia

11:55 Unitedhealth quarterly figures

12:25 Johnson & Johnson quarterly figures

12:45 Bank of America quarterly figures

13:25 Goldman Sachs quarterly figures

14:00 Citigroup quarterly figures

22:05 United Airlines quarterly figures

23:30 Rio Tinto plc Operation Report 3Q

Quarterly figures / Company dates Europe

07:00 Docmorris Trading Update 3Q | Ericsson Quarterly Figures | Sulzer Order Intake

17:45 LVMH quarterly figures

19:00 Telekom Austria quarterly figuresn

economic data

• 08:00 UK: Labor market data September Unemployment benefit recipients Unemployment rate 3 months (ILO) PROGNOSE: 4.1% PREVIOUS: 4.1%
• 11:00 EU: Industrial Production August Eurozone FORECAST: +1.6% yoy/-1.2% yoy previously: -0.3% yoy/-2.2% yoy
• 11:00 DE: ZEW Economic Sentiment Index October Forecast: 9.0 points previous: 3.6 points Economic situation Forecast: -84.3 points previous: -84.5 points
• 14:30 US: Empire State Manufacturing Index October FORECAST: 0.5 previous: 11.5