PARIS/LONDON/ZURICH (dpa-AFX) – Europe’s most important stock markets mostly rose on Monday. The Eurozone leading index EuroStoxx 50 closed with a plus of 0.15 percent at 4,985.46 points.
The French CAC 40 gained 0.72 percent to 7,480.14 points. The stock market in France continues to defy the government crisis there.
Outside the euro area, the Swiss SMI fell by 0.16 percent to 11,761.72 points. The British FTSE 100 rose by 0.52 percent to 8,352.08 points.
From an industry perspective, commodity stocks were the most sought after. Rio Tinto shares rose by 3.8 percent and Glencore shares by 4.5 percent. The real estate industry was at the bottom of the sector table.
Luxury stocks again recorded significant gains and thus continued their recovery. LVMH (LVMH Moet Hennessy Louis Vuitton) and Kering topped the EuroStoxx with an increase of 3.5 percent each.
Nokia’s shares gained 2.6 percent after being upgraded to “overweight” by JPMorgan. Earnings estimates for the network equipment maker could be exceeded, so the rise in Nokia shares, which did well in 2024, should continue in 2025, wrote analyst Sandeep Deshpande./ajx/nas
