LONDON (IT BOLTWISE) – European benchmark indices continue their upward trend, driven by strong developments in the technology and luxury segments. Despite the positive market movements, experts warn about the high valuations that are currently being reached. In particular, technology stocks such as Prosus and luxury brands such as Burberry are recording significant price gains, while the British FTSE 100 is recording a decline due to weak oil stocks.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The leading European indices are currently experiencing a remarkable upward trend, fueled primarily by the strength of technology and luxury stocks. However, experts are viewing this development with caution, as the high valuations of the stock markets are seen as a potential risk. The EuroStoxx 50 rose by 0.21 percent to 5,798.25 points at lunchtime, while the Swiss SMI rose by 0.14 percent to 12,811.68 points. In contrast, Britain’s FTSE 100 fell 0.38 percent to 9,873.60 points, reflecting weak oil stocks.
Technology stocks are particularly in the focus of investors. Prosus shares climbed 2.9 percent and reached a record high. This positive development is due to the recovery of Delivery Hero, in which Prosus holds a 27 percent stake. Prosus is increasing its focus on electronic commerce, particularly through investments such as that in China’s Tencent.
Significant price gains have also been recorded in the luxury segment. Burberry shares jumped by over seven percent after strong half-year figures. Analysts rated these results as better than expected. Things were less impressive for Rolls-Royce, whose solid quarterly figures were weakened by the failure to expand its share buyback program.
In the building materials sector, Wienerberger was able to report an increase of 1.8 percent based on solid company figures. These developments show that despite warnings about high valuations, certain sectors continue to perform strongly. Market participants are eagerly watching the coming economic data, which could provide further information about the economic situation.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Technology and luxury stocks drive European stock markets”.