European equity markets rallied today, with the Stoxx Europe 600 closing up +0.9%, marking its first weekly gain in three weeks. The move was underpinned by a broad-based rotation into cyclicals, led by autos (+1.8%) and industrials, as optimism around EU-China trade cooperation and geopolitical de-escalation supported risk-on sentiment. German large caps like Porsche (+7.6%), BMW (+5.3%), and Schneider Electric (+6.5%) saw strong inflows, while UK names such as JD Sports (+7.6%) benefitted from peer-driven momentum. The euro’s relative softness added a FX tailwind, while expectations of policy stability in the eurozone kept bond yields in check. Strong breadth and volume indicate institutional participation in the rally. $BMW (+0,77%)
$P911 (+2,23%)
$SU (+1,7%)
$JD. (+0,87%)
JD Sports
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What are you watching this week?
- Monday: $GTLB (+0,85%) , $OKTA (+0,86%) .
- Tuesday: $CRWD (+0,86%) , $FLTR (-2,92%) , $ONON (-0,82%) , $TGT (-0,59%) , $SE-ED .
- Wednesday: $MDB (+1,06%) , $MRVL (+4,06%) , $VEEV (+0,48%) , $ZS (+1,53%) .
- Thursday: $AVGO (+1,72%) , $COST (-1,02%) , $HCP , $HPE (+0,92%) , $27C , $JD. (+0,87%)

Analyst updates, 25.11.
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- MORGAN STANLEY upgrades ROBINHOOD to Overweight. Target price USD 55. $HOOD (+3,95%)
- BARCLAYS raises the price target for DEUTSCHE TELEKOM from EUR 37 to EUR 39.50. Overweight. $DTE (-1,31%)
- BERENBERG raises the target price for SIEMENS ENERGY from EUR 35 to EUR 70. Buy. $ENR (+4,43%)
- UBS raises the target price for RHEINMETALL from EUR 570 to EUR 630. Neutral. $RHM (-0,7%)
- BARCLAYS raises the price target for 1&1 from EUR 17 to EUR 20. Equal-Weight. $1U1 (-0,58%)
- DEUTSCHE BANK RESEARCH upgrades VESTAS from Hold to Buy. $VWS (+1,9%)
- DEUTSCHE BANK RESEARCH raises the price target for VONOVIA from EUR 33 to EUR 38. Buy. $VNA (+0,04%)
- DEUTSCHE BANK RESEARCH raises the price target for TAG IMMOBILIEN from EUR 16 to EUR 18. Buy. $TEG (+0,03%)
- DEUTSCHE BANK RESEARCH upgrades AROUNDTOWN from Sell to Hold. Target price EUR 2.80. $AT1 (-0,96%)
- DEUTSCHE BANK RESEARCH raises the price target for LEG IMMOBILIEN from EUR 90 to EUR 105. Buy. $LEG (-0,72%)
- DEUTSCHE BANK RESEARCH upgrades DEUTSCHE WOHNEN from Hold to Buy and raises target price from EUR 19 to EUR 28. $DWNI (+0,33%)
- STIFEL raises the price target for NOVARTIS from CHF 106 to CHF 109. Hold. $NUVN
- DEUTSCHE BANK RESEARCH upgrades JD SPORTS FASHION from Sell to Hold. $JD. (+0,87%)
- DEUTSCHE BANK RESEARCH raises the price target for ALSTOM from EUR 22 to EUR 25. Buy. $ALO (+0,57%)
- MORGAN STANLEY raises the price target for DEUTSCHE BÖRSE from EUR 213 to EUR 232. Equal-Weight. $DB1 (+1,48%)
- KEPLER CHEUVREUX raises the target price for ECKERT & ZIEGLER from 57.30 EUR to 60.30 EUR. Buy. $EUZ (-0,6%)
- BARCLAYS raises the target price for UNITED INTERNET from EUR 23 to EUR 26. Equal-Weight. $UTDI (-0,79%)
- JEFFERIES raises the price target for HEIDELBERG MATERIALS from 142.10 EUR to 145.50 EUR. Buy. $HEI (+2,94%)
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- DEUTSCHE BANK RESEARCH lowers the price target for KION from EUR 55 to EUR 50. Buy. $KGX (+1,78%)
- DEUTSCHE BANK RESEARCH lowers the price target for CTS EVENTIM from EUR 114 to EUR 106. Buy. $EVD (+0,53%)
- GOLDMAN downgrades ORSTED from Buy to Neutral and lowers target price from DKK 520 to DKK 445. $ORSTED (-0,41%)
- DEUTSCHE BANK RESEARCH lowers the price target for H&M from SEK 200 to SEK 190. Buy. $HM B (-0,48%)
- MORGAN STANLEY lowers the price target for MERCK KGAA from EUR 200 to EUR 190. Overweight. $MRK (+0,47%)
- BARCLAYS lowers the target price for THYSSENKRUPP from EUR 4.40 to EUR 4. Underweight. $TKA (+1,9%)
- MORGAN STANLEY downgrades ING to Equal-Weight. Target price EUR 17.50. $ING (+0,98%)
- JPMORGAN lowers target price for RWE from EUR 48 to EUR 47.50. Overweight. $RWE (+0,3%)
Outlook for next week.
Monday
- Mizuho Financial Group ($MFG (+0%) ), XP Inc. ($XP (+2,65%) ), Sun Life Financial (SLF), Tyson Foods ($TSN (-0,74%) ) and AECOM ($ACM (+0%) ) present their quarterly reports are presented.
- Publication of the New York Fed Consumer Inflation Expectations (October).
Tuesday
- The Home Depot ($HD (+0,48%) ), Sumitomo Mitsui Financial Group ($8316 (-0,15%) ), Mitsubishi Financial Group ($8306 (-0,98%) ), Nu Holdings ($NU (-0,01%) ), Sea Limited ($SE (-1,48%) ) and Tencent Music Entertainment Group ($TME (+0,25%) ) report their quarterly results.
- Publication of the NFIB Small Business Optimism Index (October) and the Consumer Price Index (CPI) (October).
Wednesday
- Cisco Systems ($CSCO (+0,35%) ), TJX Companies ($TJX (-0,72%) ), Palo Alto Networks ($PANW (+1,34%) ), Target ($TGT (-0,59%) ), JD.com ($JD. (+0,87%) ), XPeng ($XPEV (+0,81%) ), Catalent ($CTLT ) and Tetra Tech ($TTEK (-0,34%) ) present their quarterly figures.
- Publication of the Producer Price Index
(PPI) (October), the New York Fed Empire State Manufacturing Index (November), the Business Inventories (September) and the Retail Sales (October).
Thursday
- Walmart ($WMT (-0,76%) ), Alibaba Group ($BABA (+1,49%) ), Applied Materials Inc. ($AMAT (+1,65%) ), NetEase Inc. ($NTES (-0,39%) ), Ross Stores ($ROST (+0,54%) ), Warner Music Group ($WMG (-1,71%) ), NICE Ltd. ($NICE (+0%) ), Bath & Body Works ($BBWI (+0,26%) ), The Gap Inc. ($GPS (+1,46%) ), Macy's ($M (+0,44%) ) and Spire Inc. ($SR (+0,66%) ) present their quarterly reports.
- Publication of the Industrial Production (October) and the National Association of Home Builders Housing Market Index (November).
Friday
- BJ's Wholesale Club ($BJ (-1,87%) ), Atkore Inc. ($ATKR (+0,7%) ) and Spectrum Brands Holdings ($SPB (+0,84%) ) present their quarterly figures.
- Deadline for funding of the US government.
- Publication of the Housing Starts (October).
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