The leading British index FTSE 100 contains hardly any tech stocks and is therefore not benefiting from the current AI hype.
(Photo: Reuters)
Cologne The British stock market continues to fall behind its benchmark indices: while the leading US index Dow Jones recently reached a new six-month high and the Dax in Germany has posted a double-digit price increase since the beginning of January, the most important British stock index FTSE 100 posted a loss of 0.4 percent.
“The reason for the current underperformance is the heavy weighting of oil and commodity stocks,” explains Christian Henke, senior analyst at online broker IG Europe. These had led to a significant outperformance of the FTSE last year. Companies are now suffering from weakening demand from China. At the same time, the leading British index contains hardly any tech values, which, thanks to the AI hype, are showing an extremely good performance.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further