Paris/London/Zurich (dpa -AfX) – Investors at the European stock markets were more likely to be held back on Friday. After the youngest win, the stock exchanges lost a little swing. The EuroStoxx 50 came on the spot at noon. The Swiss SMI easily lost at 0.3 percent to 12,919.89 points, while the British FTSE 100 decreased by 0.23 percent to 8744.77 points.
After the recent increase, the ratings have reached an ambitious level. “With the EuroStoxx 50, the course/book value ratio has increased to 2.28 due to the plus since the beginning of the year,” emphasized fund manager Thomas Altmann from the asset manager QC Partners. “The EuroStoxx 50 was last rated that expensive in 2007 before the outbreak of the financial crisis.” In the afternoon with the US data for retail sales and industrial production, there are important figures that contributed to restraint.
The Munich Security Conference, where this weekend is particularly important, will be particularly the focus of the US government in the Ukraine conflict. US Vice President JD Vance will speak on Friday afternoon from 2:30 p.m., there is talk of great excitement. Armor values were required.
The willingness to buy was on the luxury freight titles. Strong figures from Hermes International (Hermès (Hermes International)) and Moncler initially broke the courses before the profits decreased noticeably. After initially significant surcharges, Hermes were still 1.2 percent. Moncler, who had already been strong the day before, lost 1.6 percent. Kering climbed by 1.8 percent.
In the technology sector, shares of the investment company benefited from the strength of Tencent’s participation. Technology values had increased significantly on the stock exchange in Hong Kong. After the long below -average development of China’s stock exchanges, there is now hopes for a more permanent upward movement, combined with expectations of further support measures for the economy. This was also evident in the raw material values that were the strongest sector and is strongly based on the economic development of China ./Mf/Mis