Amsterdam/London/Paris/Zurich (dpa -AfX) – The most important European stock exchanges continued on Friday. Despite the unbroken record run on the US exchanges, the upward dynamics weakened on most trading places. The British FTSE 100 (“FootSie”) (FTSE 100) climbed to a record high.
Beyond the Atlantic, the trend topic provided artificial intelligence (AI) fresh impulses for further price gains and also ensured optimism in Europe. It was inspired by partnerships of the two leading AI companies Openai and Nvidia with large Japanese companies to build AI infrastructures. The ongoing government arrest in the United States, on the other hand, and thus the lack of labor market report for September, did not move. It has long been expected that the US Federal Reserve Fed will reduce the key interest rates again in October.
The EuroStoxx 50 increased by 0.10 percent to 5,651.71 points. The day before, the leading index of the euro zone had been climbed over 5,600 points for the first time in its history. His profit in this trade week is 2.8 percent.
Outside the euro area, the Swiss SMI increased by 0.64 percent on Friday to 12,507.17 points. The “FootSie” won 0.67 percent to 9,491.25 points. He only reached a few points over it during the course of trade. The hurdle of 9,500 points could soon be overcome.
On this day, optimism spread primarily for news about Hitachi and Openai as well as Fujitsu and Nvidia. They ensured a positive dynamic, especially when it came to stocks with AI cover, it said. The Japanese electronics group Hitachi and the Chatgpt provider Openai want to work together when building a AI infrastructure and the worldwide expansion of data centers.
The now expanded partnership between the Japanese IT group Fujitsu and the leading AI chip manufacturer Nvidia is also about AI infrastructure. Together, a AI agent platform is to be developed and provided that is tailored to industry-specific AI agents in areas such as healthcare, production and robotics. Such messages strengthened the confidence of investors that the billions of billions that are currently flowing into this area will change into profits, a Börsian justified the currently generally good stock exchange mood.
In keeping with AI optimism, Goldman Sachs Ceres power from “Neutral” to “Buy”. According to analyst Michele Della Vigna, the British provider of fuel cell technology benefits from the significantly increasing use of fuel cells in AI data centers. The stocks made up for their losses since the beginning of the year with a course jump of 15.1 percent. In the past six months alone, they have increased by around 260 percent.
Pharmacies also benefit from the agreement of the US drug manufacturer Pfizer with US President Donald Trump through medication prices and customs easier. Sanofi won 2.1 percent and Argenex (Argen-X) 1.4 percent. In Zurich, Roche, Novartis and Alcon increased between 0.9 percent to 2.3 percent. Astrazeneca rose by 1.6 percent in London.
The UBS shares were one of the best values in SMI 2.2 percent. According to the “Financial Times”, a compromise is being worked on to significantly weaken the strict own funds for the large bank. ABN AMRO won 2.7 percent and benefited from a high level of “Sell” to “Buy” by Goldman Sachs. Analyst Chris Hallam expects an immense improvement of the returns of the Dutch bank over the next three years.
In contrast, Holcim lost 2.8 percent. The planned takeover of the French prefabricated concrete specialist Alkern by the Swiss cement group must be checked by the French competitive authority. The European Commission referred the case to the Paris authority. In addition, several analysts lowered their price goals before the quarterly figures expected at the end of October, including Goldman Sachs but also JPMorgan./CK/HE