STOCK EXCHANGE: European stock exchanges on a cautious rise – ASML set a stock market record

An all-time stock market record was set in Europe on Wednesday. ASML Holding the market value rose to more than 570 billion, which broke earlier Novo Nordiskin a record dominated by The company became Europe’s most valuable company of all time, driven by a strong upswing.

ASML has especially benefited from the fast construction pace of data centers, because it sells the technology needed to manufacture chip technology. The company’s stock has risen by more than 60 percent during the year.

ASML manufactures such difficult technology for a key part of the chip production value chain that practically no other company in the world is currently capable of the same. ASML’s share opened with a decrease of almost one percent on Thursday when the stock market opened.

European markets on the rise

European markets opened with a small gain, defying the dive of the US and Asian markets. There was nervousness in the market, especially regarding artificial intelligence stocks, when the semiconductor giant Broadcomin turnover fell short of analysts’ forecasts.

The Euro stoxx 600 index, which describes the European market, opened slightly lower, almost at yesterday’s level. The market was dragged down especially by companies in the energy sector and information technology.

Europe’s main indices opened with a subdued rise. Germany’s DAX index opened 0.3 percent higher. France’s CAC 40 index opened 0.1 percent higher. Britain’s FTSE 100 index opened 0.1 percent lower.

On the foreign exchange market, the euro and pound strengthened against the dollar. You got 1.1608 dollars with the euro and 1.3427 dollars with the pound.

On Thursday, Brent crude oil futures were slightly down at a price of around 97 euros. WTI crude oil futures were also slightly down at a price of around 95 euros. Israel and Lebanon agreed to a ceasefire early Thursday.