Once is not custom, European tech is doing well (and it's a pleasure). To prove it, we present the STOXX Europe 600 Technology, which is representative of this market compartment. In India, tech companies also carried the SENSEX 30 index. This has highlighted a phenomenon that is global, the decorrelation of financial markets and the real economy. Finally, we will finish our overview in the Norwegian fjords. Osloïte Square has been carried since the beginning of January by the oil companies, so the cruise in the fjords is more likely to be aboard a super tanker than the "Love boat" of the cruise is fun.

•  In 2021, European tech salutes you well

There has been a lot of talk about cyclical stocks and discounted stocks in Europe lately, but if there is one sector that has negotiated particularly well at the beginning of 2021, it is the European technology compartment, which has recovered 2% this week, and now shows an increase of 4.5% since January 1st. Let's not sulk our pleasure, for once it is on this side of the Atlantic that technologies are talking about them! The STOXX Europe 600 Technology, "SX8R" for the intimate,

The index includes 35 stocks, including an ultra-heavyweight, the Dutch group ASML, the world's leading manufacturer of machines for the semiconductor industry, which is close to 30% of the index. In second place, we find the German SAP, a well-known enterprise software publisher, with a weighting of 14.5%, ahead of its compatriot specializing in semiconductors Infineon, at 7.5% of the index. Prosus, whose stock market life is quite recent (6.5% of the index) and Amadeus (4.2%) follow, ahead of the French triplet Dassault Systèmes, STMicroelectronics and Capgemini. Note that the small thumb of the index (0.35%) is another French, Sopra Steria.

The weekly rise in the index was fuelled by the multiplication of news relating to the tensions in the semiconductor market, due to a lack of sufficient supply, as illustrated by Roxane Nojac in this paper. The icing on the cake, the Taiwanese foundry TSMC (Taiwan Semiconductor), world number one, reported this week results and prospects that corroborate this favorable context for producers. Additional information on supply difficulties has fallen until this morning, such as the Handelsblatt which reveals that Daimler had to change these production rates because it could not finish the vehicles.

* SENSEX 30: Soon the 50'000?

The Indian SENSEX index is doing well, thank you for it. This index, which brings together the performance of the country's thirty largest capitalizations, is further proof of the divergences between financial markets supported by numerous support plans and the economic reality of the countries. India is on the podium of the countries most affected by the health crisis: more than 10 million cases, 150,000 deaths. Add to this the border tensions with China and we end up with a country in recession of 7.7% over the year 2020.

And yet, the index's sectoral distribution and the latest €35 billion stimulus package have brought it to its highests, approaching 50,000 points, up 25% over the year.

Indeed, the technology sector represents 40% of the weight of the index with companies such as Tata Consultancy (+45%) or Infosys Limited (+75%). The world's largest polyester producer Reliance Industries saw its stock gain 25%, it alone represents more than 20% of the index. Surprisingly, the financial sector is also in the green with House Development Finance (+18.8%).

To conclude, the Sensex 30 represents the current situation of the markets with highs in each sector despite a suffering economy.

* OMX Oslo 20: oil companies pull the index up

The OMX Oslo 20 has seen bullish momentum since January 1. It gained 3.27%, mostly driven by companies in the energy and commodities sector that weight the index the most strongly. The sectoral weighting is as follows:

* Base materials: 11.5%

* Consumer goods: 20.1%

* Consumer services: 3.2%

* Finance: 20.3%

* Industry: 4.53%

* Oil and Gas: 30.4%

* Technology: 1.8%

* Telecommunications: 8.3%

The top five companies have all posted a very significant performance (above 10%) since 1 January. The oil company Equinor saw its share soar by more than 15% and benefited from the rise in oil prices (+9% for WTI and 7.5% for Brent), with refining activities making up 94% of its activity. Nel Asa, the company specializing in the manufacture of hydrogen production, storage and distribution facilities from renewable energies, is surfing on the mega-trends of renewable energies and hydrogen. The signing of a contract for the supply of a 20 MW electrolyser with Everfuel A/S is also part of the good news of the week for the company. The stock has soared since the first of January (+14.92%). This is exactly the same dynamic as that of Equinor which operated for DNO ASA and AKER BP ASA which gained 14.9% and 11.6% respectively. The Golden Ocean Group has gained 10.40% since the beginning of the year.

Source: zonebourse.com

Among the companies whose prices have fallen very significantly, it should be noted that the airline Norwegian Air Shuttle has lost more than 16%, strongly penalized by the measures of travel restrictions taken throughout Europe. Schibsted, the media group loses more than 9% and PGS loses almost 6%. The geophysical service group had closed at +6.9% on January 12 after announcing a 36% increase in revenue compared to the previous quarter.