2023-09-01 09:29:41
The gaming group Flutter Entertainment offers casino games, online poker and sports betting under various brand names Photo: dpa
In the current situation, it is not surprising that the Euro Stoxx 50 and Dax have left their bull trend. Some stocks stand out particularly negatively.
Despite weak economic data from China, the euro area and especially Germany, the central banks do not want to lose their flexibility with a view to the course of 2023. Depending on the economic data, especially on (core) inflation and the labor markets, the discussion on interest rates will shape the period leading up to the forthcoming central bank meetings and weigh on the mood on the financial markets with constant uncertainty. It is therefore not surprising that the Euro Stoxx 50 and Dax have left their bull trend to the side due to the ongoing consolidation.
The overall technical situation points to a temporal extension of these consolidations (for the Dax with the core trading range between 15,500 and 16,300 points). Therefore, stocks that show take-profit signals or technical downturns should be used as swap candidates and to generate liquidity. From the Stoxx 50 and the Euro Stoxx 50, along with commodities stocks, the British National Grid and Irish Flutter Entertainment stand out negatively. In addition, Nokia and Vonovia remain unchanged with their weak positions in the Euro Stoxx 50.
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