Paris/London/Zurich (dpa -AfX) – Europe’s most important stock markets recovered something from the previous day’s loss on Friday. However, when finding the course, the big daily daily on the appointment exchanges played a role, which is why it remains to be seen whether the trend has existed.
The EuroStoxx 50 increased by 0.86 percent to 5,241.87 points around noon. Outside the euro area, the Swiss SMI won 0.46 percent to 11,926.29 points and the British FTSE 100 0.45 percent to 8,831.43 points.
In their assessment of the situation, market participants remained reserved. With the announcement by US President Donald Trump, wanting to make a decision on intervention in the war between Israel and Iran within two weeks, explained hope of a negotiation solution, said capital market strategist Jürgen Molnar from the Broker Robomarkets. “However, nobody knows whether the faithful president will adhere to this self -made deadline or what purpose this decision should serve.”
The sectors showed an industry rotation. The still weak travel and leisure companies the day before recovered while the recently strong oil sector weakened. The winners included stocks of the TUI travel group. The British investment bank Barclays had raised the price target from 7.70 to 11 euros and turned the classification of “Underweight” to “Overweight”.
Akzo Nobel, who attracted 2.8 percent, were also in demand. The US bank JPmorgan had awarded the value of the “Positive Catalyst Watch” seal of approval and is therefore optimistic about the upcoming results of the paint manufacturer. In addition, the US investment bank Goldman Sachs had increased the price target from 62 to 65 euros and confirmed its purchase recommendation.
Under the construction values, Holcim stood out with a profit of 1.6 percent. From Monday on, the shares of the cement group are first traded after the split off of the America business. The Holcim shareholders then receive one of Amrize for each share. The buyers speculated that the sum of all parts would result more than the current whole, it was said from the trade./mf/jha/