On Thursday Americans had day-free work because of Thanksgiving, so I expected flat session in Europe. European investors didn’t bother and there were great gains all over the continent. English FTSE100 +0.88%, French CAC40 +1.08%. All German indices increased: DAX +1.35%, MDAX +0.96%, TECDAX +0.80%, SDAX +0.58%.
The biggest leader in DAX was chip producer – Infineon – which had +12.85% profit. Company presented great financial report, it has better forecasts and there was a promise of higher dividend. 3 more companies grew more than 3% – Volkswagen +3.53%, RWE +3.21%, Daimler +3.17%. Only 3 out of 30 DAX companies lost a little.
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Another target for the bulls is 1,600 pts level. If there will be a rebound nearest supports are at 11,300, 11,150 and 11,000 pts. Today Americans are back in the market but the mood can still be good because session will be shorter by 3 hours. In the morning there will be data from Eurozone which can influence the markets.
