PARIS / LONDON (IT BOLTWISE) – European stock markets experienced a turbulent week, marked by losses and record highs. While the tech giants in the USA provided positive impulses, the European markets remained unimpressed. The EuroStoxx 50 recorded a weekly loss, and the British FTSE 100 and the Swiss SMI also ended the week with losses.
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The European stock markets have experienced changeable developments in the past week. Despite positive impulses from the US stock markets, where strong quarterly reports from Amazon and Apple lifted the mood, the European markets remained cautious. The EuroStoxx 50, the leading index for the euro zone, lost 0.65 percent on Friday and closed at 5,662.04 points, a weekly loss of 0.2 percent. The index reached a record high on Wednesday.
A key factor in the different developments between the USA and Europe is the topic of artificial intelligence, which continues to drive courses in the United States. One market observer noted that the music is currently playing on the other side of the Atlantic. The European reluctance could also be related to the ongoing trade barriers caused by tariffs, which are weighing on global trade.
Britain’s FTSE 100 and Switzerland’s SMI also closed with losses. The FTSE 100 fell 0.44 percent to 9,717.25 points, while the SMI fell 0.61 percent to 12,234.50 points. Both indices also reached record highs during the week before falling. Uncertainty about trade tariffs and the US Federal Reserve’s cautious interest rate policy contributed to the cooling of sentiment.
The insurance sector, which had the weakest performance in Europe, was particularly affected. In France, Scor disappointed with a weak solvency ratio, which caused the share price to fall by 13 percent. AXA also recorded losses, particularly in new life insurance business. In contrast, the banking industry was the only one in Europe to record profits.
The future of European markets remains uncertain as trade tariffs remain a burden and the US Federal Reserve’s interest rate policy dampens expectations. Experts agree that a solution to the trade conflicts and a clear interest rate policy will be crucial for a sustainable recovery of the markets.
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