European stock exchange: auto sector in crisis, energy and technology good

The automotive sector is the one that suffers the most on the stock market at a European level. The Stoxx index has lost 21.05% since the beginning of the year, against an increase of 6.61% in the Stoxx 600 index. The situation is also difficult for luxury (-17.61%), while energy, understood as oil, is doing well, with a rise of 35.24%. This is followed by technology (+27.62), raw materials (+21.86%) and banks (+14.58%). Utilities have moved little (+8.25%), which include electricity giants such as Enel (-0.88% since the beginning of the year), E.On (+5.55% since the beginning of the year) and distribution giants such as Snam (-0.74% since the beginning of the year), Italgas (-13.23% since the beginning of the year) and Terna (+1.1% since the beginning of the year).

There were also modest changes in telecommunications (+7.73%) and insurance (+2.39%).

Among car manufacturers, Stellantis (-58.96%), BMW (-41.68%), Volkswagen (-34.83%), Mercedes (-33.87%) and Renault (-30.32%) performed worse than the reference index. Only Porsche (-5.74%) and Ferrari (+7.78%) do better, managing to remain in positive territory together with tire manufacturers Pirelli (+13.89%) and Michelin (+16.64%) and Valeo (+21.14%), leader in components and spare parts. On the luxury front, however, the worst is LVMH (--41.31%), preceded by Hermems (-38.76%), Kering (--29.85%) and Taylor Wimpey (-24.28%), the Italians Moncler (-20.43%) and Cucinelli (-18.53%) also perform worse than the index. Richemont (+1.07%), L'Oreal (+1.68%) are holding up, while Swatch (+8.2%) and Pandora (+11.87%) are doing well.