European actions established for the eighth weekly gain, luxury actions advance

European actions were stable in a record on Friday and on the way to their eighth consecutive profits, while luxury actions jumped after the robust profits from the Birkin Hermès bag manufacturer.

The Stoxx 600 Paneuropean index rose 0.06%, from 0930 GMT. The index has closed in a record in the last four sessions, and has been on its longest weekly profits since March 2024.

“European actions are still an interesting alternative to the United States because the valuations are much more favorable,” said Daniela Hathorn, a senior capital market analyst.

Goldman Sachs increased its 12 -month price prognosis for the Stoxx 600 Europe .

Stoxx has surpassed its pairs of Wall Street and increased more than 9% this year, mainly benefiting from the robust corporate profits of the main European companies. This has helped compensate for uncertainty as markets expect clarity about US tariffs.

The French luxury group Hermès increased 2.1% on Friday after it reported a 18% increase in sales of the fourth quarter, which shows a robust appetite of wealthy buyers for expensive luxury items such as its Birkin bags.

Other luxury goods companies also increased. Christian Dior rose 1.1%, Ferragamo 2.2%, LVMH 1.4%and Kering 1.6%.
The profits raised the European luxury goods index by 0.8%.

Basic resources led sectoral profits and increased by 2% as metal prices increased the expectations that the reciprocal rate plans of the president of the United States, Donald Trump, would not enter into force until April.

Trump did not immediately impose reciprocal rates on Thursday, which suggests space for negotiations.

Instead, what could be weeks or months of research on the levies imposed on US assets for other commercial partners and then devising an answer.

“It seems that everyone wants to avoid a total commercial war … It seems that it is not as bad as it could be and that is the feeling that we are having in the capital markets,” Hathorn added.

On Friday, among other sectors, heavyweight health companies lost a 0.6% Annual profits below estimates.

Telecommunications fell 0.7%, since a 4.5% drop in Telecom Italia (Tim) pressed the index.
Maletoevry sank 8.3% after the profits of the fourth quarter of the Finnish Ti firm lost market estimates.

Tomra rose 9% to a maximum of two years after Norway's recycling machine manufacturer exceeded the profit expectations of the fourth quarter.