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 (-1,75%)
$P911 (-2,37%)
$SU (+0,83%)
$JD. (-0,65%)
JD Sports
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What are you watching this week?
- Monday: $GTLB (+0,24%) , $OKTA (-0,27%) .
- Tuesday: $CRWD (-0,3%) , $FLTR (-2,61%) , $ONON (-3,91%) , $TGT (-0,68%) , $SE-ED .
- Wednesday: $MDB (-0,45%) , $MRVL (-2,64%) , $VEEV (-0,62%) , $ZS (-0,85%) .
- Thursday: $AVGO (+4,6%) , $COST (+0,71%) , $HCP , $HPE (-0,19%) , $27C , $JD. (-0,65%)

Analyst updates, 25.11.
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- MORGAN STANLEY upgrades ROBINHOOD to Overweight. Target price USD 55. $HOOD (-2,48%)
- BARCLAYS raises the price target for DEUTSCHE TELEKOM from EUR 37 to EUR 39.50. Overweight. $DTE (+0,94%)
- BERENBERG raises the target price for SIEMENS ENERGY from EUR 35 to EUR 70. Buy. $ENR (-0,55%)
- UBS raises the target price for RHEINMETALL from EUR 570 to EUR 630. Neutral. $RHM (-4,72%)
- BARCLAYS raises the price target for 1&1 from EUR 17 to EUR 20. Equal-Weight. $1U1 (-1,33%)
- DEUTSCHE BANK RESEARCH upgrades VESTAS from Hold to Buy. $VWS (+3,67%)
- DEUTSCHE BANK RESEARCH raises the price target for VONOVIA from EUR 33 to EUR 38. Buy. $VNA (-0,73%)
- DEUTSCHE BANK RESEARCH raises the price target for TAG IMMOBILIEN from EUR 16 to EUR 18. Buy. $TEG (-0,79%)
- DEUTSCHE BANK RESEARCH upgrades AROUNDTOWN from Sell to Hold. Target price EUR 2.80. $AT1 (+0,12%)
- DEUTSCHE BANK RESEARCH raises the price target for LEG IMMOBILIEN from EUR 90 to EUR 105. Buy. $LEG (-0,32%)
- DEUTSCHE BANK RESEARCH upgrades DEUTSCHE WOHNEN from Hold to Buy and raises target price from EUR 19 to EUR 28. $DWNI (+0,76%)
- 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. (-0,65%)
- DEUTSCHE BANK RESEARCH raises the price target for ALSTOM from EUR 22 to EUR 25. Buy. $ALO (-1,69%)
- MORGAN STANLEY raises the price target for DEUTSCHE BÖRSE from EUR 213 to EUR 232. Equal-Weight. $DB1 (-0,21%)
- KEPLER CHEUVREUX raises the target price for ECKERT & ZIEGLER from 57.30 EUR to 60.30 EUR. Buy. $EUZ (+3,15%)
- BARCLAYS raises the target price for UNITED INTERNET from EUR 23 to EUR 26. Equal-Weight. $UTDI (+0,57%)
- JEFFERIES raises the price target for HEIDELBERG MATERIALS from 142.10 EUR to 145.50 EUR. Buy. $HEI (-2,21%)
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- DEUTSCHE BANK RESEARCH lowers the price target for KION from EUR 55 to EUR 50. Buy. $KGX (-1,83%)
- DEUTSCHE BANK RESEARCH lowers the price target for CTS EVENTIM from EUR 114 to EUR 106. Buy. $EVD (-6,95%)
- GOLDMAN downgrades ORSTED from Buy to Neutral and lowers target price from DKK 520 to DKK 445. $ORSTED (-1,26%)
- DEUTSCHE BANK RESEARCH lowers the price target for H&M from SEK 200 to SEK 190. Buy. $HM B (-0,64%)
- MORGAN STANLEY lowers the price target for MERCK KGAA from EUR 200 to EUR 190. Overweight. $MRK (+1,17%)
- BARCLAYS lowers the target price for THYSSENKRUPP from EUR 4.40 to EUR 4. Underweight. $TKA (-1,95%)
- MORGAN STANLEY downgrades ING to Equal-Weight. Target price EUR 17.50. $ING (-1,32%)
- JPMORGAN lowers target price for RWE from EUR 48 to EUR 47.50. Overweight. $RWE (-0,03%)
Outlook for next week.
Monday
- Mizuho Financial Group ($MFG (+0%) ), XP Inc. ($XP (-1,58%) ), Sun Life Financial (SLF), Tyson Foods ($TSN (-1,15%) ) and AECOM ($ACM (+0,79%) ) present their quarterly reports are presented.
- Publication of the New York Fed Consumer Inflation Expectations (October).
Tuesday
- The Home Depot ($HD (-0,57%) ), Sumitomo Mitsui Financial Group ($8316 (-1,6%) ), Mitsubishi Financial Group ($8306 (+0,29%) ), Nu Holdings ($NU (-4,12%) ), Sea Limited ($SE (+1,65%) ) and Tencent Music Entertainment Group ($TME (-1,57%) ) report their quarterly results.
- Publication of the NFIB Small Business Optimism Index (October) and the Consumer Price Index (CPI) (October).
Wednesday
- Cisco Systems ($CSCO (+1,53%) ), TJX Companies ($TJX (-0,41%) ), Palo Alto Networks ($PANW (-3,34%) ), Target ($TGT (-0,68%) ), JD.com ($JD. (-0,65%) ), XPeng ($XPEV (-4,11%) ), Catalent ($CTLT ) and Tetra Tech ($TTEK (-2,01%) ) 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 ($WMT (+0,41%) ), Alibaba Group ($BABA (-6,49%) ), Applied Materials Inc. ($AMAT (-3,71%) ), NetEase Inc. ($NTES (+0%) ), Ross Stores ($ROST (-1,53%) ), Warner Music Group ($WMG (-0,42%) ), NICE Ltd. ($NICE ), Bath & Body Works ($BBWI (-3,39%) ), The Gap Inc. ($GPS (-1,54%) ), Macy's ($M (-2,71%) ) and Spire Inc. ($SR (+0,63%) ) present their quarterly reports.
- Publication of the Industrial Production (October) and the National Association of Home Builders Housing Market Index (November).
Friday
- BJ's Wholesale Club ($BJ (+0%) ), Atkore Inc. ($ATKR ) and Spectrum Brands Holdings ($SPB (-0,31%) ) present their quarterly figures.
- Deadline for funding of the US government.
- Publication of the Housing Starts (October).
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