ASML Holding

After a strong breakout and price rise, ASML Holding’s stock is consolidating around the 1,600-euro mark. New upward momentum would require a daily close above the August high at 1,632.00 EUR, followed by the levels 1,678.20 EUR, 1,700.00 EUR and the record high at 1,741.00 EUR. In case of a pullback, the June downtrend line offers a potential pullback point; if the stock falls below the GD50 (1,490.50 EUR), a correction down to the July uptrend line and the September low at 1,365.40 EUR would be conceivable. » Mais em finanzen.net

The relative strength of the technology sector continued, led by semiconductors; ASML rose about 2.3% and pushed the Stoxx 600 Technology within striking distance of its yearly highs. Micron’s results and AI-driven demand bolstered the industry, while Infineon was in strong demand, up nearly 5.4%, and is expected to benefit from price increases and a recovery in the auto industry. Analysts see AI stocks as moderately valued based on expected earnings, but expensive relative to earnings already achieved. » Mais em finanzen.net

Europe's stock markets showed resilience, with the EuroStoxx 50 up 0.73 percent while oil prices fell slightly. Technology stocks, especially semiconductors, gained, and ASML climbed 3.3 percent. Infrastructure names such as VINCI fell after planned tax increases for transport infrastructure in France. Lindt dropped sharply after another cut to its sales forecast, while British American Tobacco and DocMorris moved mixed. » Mais em finanzen.net