Its most recent interim high was 13,399 points in July and the 50-day line is currently at 13,441 points as a medium-term trend barometer. The EuroStoxx 50 is also expected to be 0.5 percent higher on Friday.
A good day is emerging for technology stocks in particular – the broker IG is currently expecting the Nasdaq 100 to be up 1.3 percent after a good week. According to quarterly figures, Amazon shares rose almost 14 percent in after-hours trading in the US the day before, and Apple also gained significantly.
“Especially with the big techs, major slumps due to rising interest rates were feared,” said market expert Thomas Altmann from asset manager QC Partners. “The fact that the big techs are now reporting solidly takes a lot of pressure and also a lot of fear out of the market.”
The world’s largest online retailer, Amazon, significantly increased sales in the second quarter despite high inflation and fears of a recession. This could also have a positive impact on the Stoxx Europe 600 Retail sector index in Europe. With an annual minus of over 30 percent, it is the weakest industry index to date due to the gloomy consumer mood. Meanwhile, Apple proved to be resilient to economic concerns and logistics bottlenecks in the past quarter.
Investors in pre-market trading on Tradegate appreciated the increased sales targets of the wafer manufacturer Siltronic, with a plus of more than eight percent at the Xetra close.
UBS gave the shares of the dialysis group Fresenius Medical Care (FMC) its thumb and now voted “neutral”. After the price slump the day before to a low since 2010, Tradegate went down another 0.3 percent in pre-market Friday trading./ajx/mis
(AWP)
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