Once again, European tech is doing well (and that's a pleasure). To prove it to you, we present to you the STOXX Europe 600 Technology, which is representative of this market segment. In India, technos also raised the SENSEX 30 index. This highlighted a phenomenon that is global, the uncorrelation of financial markets and the real economy. Finally, we will finish our overview in the Norwegian fjords. Since the beginning of January, Osloïte Square has been supported by oil companies, so cruising in the fjords is more likely to be done aboard a super tanker than on the “Love Boat” of the Fun

• In 2021, European tech greets you

There has been a lot of talk about cyclical and discounted stocks in Europe recently, but if there is one sector that traded particularly well at the beginning of 2021, it is the European technology sector, which recovered 2% this week, and now shows an increase of 4.5% since January 1. Let's not give up on our pleasure, for once it's on this side of the Atlantic that technology is making the headlines! The STOXX Europe 600 Technology, “SX8R”

The index includes 35 shares, including an ultra-heavyweight, the Dutch group ASML, the world's leading manufacturer of machinery for the semiconductor industry, which is around 30% of the index. In second position, we find the German SAP, a well-known enterprise software publisher, with a weight 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 inch of the index (0.35%) is another French person,

The weekly rise in the index was fuelled by the proliferation of news stories relating to tensions in the semiconductor market, due to the lack of sufficient supply, as Roxane Nojac illustrates in this paper. The icing on the cake, the Taiwanese founder TSMC (Taiwan Semiconductor), the world number one, reported results and perspectives this week that support this favourable context for producers. Additional information on supply difficulties has been received until this morning, such as Handelsblatt, which reveals that Daimler had to change these production rates because it was not able to finish the vehicles

* SENSEX 30: Soon 50,000?

The SENSEX Indian Index is doing well, thanks for it. This index, which includes the performances of the country's thirty largest capitalizations, is further proof of the differences between financial markets driven 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 that border tensions with China and we are left with a country in a 7.7% recession in 2020

And yet, the sectoral distribution of the index and the latest recovery plan of 35 billion euros have brought it to its highest levels, approaching 50,000 points, up 25% over the year.

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

To conclude, the Sensex 30 is a good representation of the current market situation with highs in each sector despite a struggling economy.

* OMX Oslo 20: oil companies pull the index up

The OMX Oslo 20 has seen an upward momentum since January 1. It gained 3.27%, mainly driven by companies in the energy and raw materials sector, which weighted the index the most heavily. The sectoral weighting is

* Base materials: 11.5%

* Consumer goods: 20.1%

* Consumer services: 3.2%

* Financed: 20.3%

* Industry: 4.53%

* Oil and Gas: 30.4%

* Technology: 1.8%

* Telecommunication: 8.3%

The five companies at the top of the ranking have all shown very significant performance (over 10%) since January 1. The oil company Equinor saw its shares soar by more than 15% and benefited from the rise in oil prices (+9% for WTI and 7.5% for Brent), with refining activities accounting for 94% of its activity. Nel Asa, the company specializing in the manufacture of facilities for the production, storage and distribution of hydrogen from renewable energies, is riding on the mega-trends of renewable energies and hydrogen. The signing of a contract for the supply of a 20 MW electrolyzer with Everfuel A/S is also part of the good news of the week for the company. The stock has soared since January 1 (+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 fell very significantly, note that the air transport company Norwegian Air Shuttle lost more than 16%, severely penalized by the travel restriction measures taken throughout Europe. Schibsted, the media group lost more than 9% and PGS lost almost 6%. However, the geophysical service group closed at +6.9% on January 12 after announcing a 36% increase in sales compared to the previous