Rise of the machines: ABB, Duerr, GEA, Kion

Duerr AG

02/06/2020 09:04

** A London-based sales trader flags surge in shares of ABB
 ABBN.S , Duerr  DUEG.DE , GEA  G1AG.DE  and Kion  KGX.DE 
    ** All those companies are involved in factory automation
and are rising 3% to 4% following gains in Japanese          
automation names, the trader adds
    ** Berenberg recently said the COVID-19 pandemic could
foster the structural trend towards warehouse automation
    ** The rally is also in part driven by catch up trade in
German stock markets, which opened after a long weekend
    ** ABB shares hit 3-month highs

 (thyagaraju.adinarayan@tr.com; Twitter @thyagu)