New French system makes Kylian Mbappe 'happy' after moment of magic seals win over Sweden


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Kylian Mbappe said a change of formation against Sweden played to his strengths as France ran out 1-0 winners in Stockholm.

The Paris Saint-Germain striker gave Les Bleus a gritty 1-0 win away in Stockholm in their Nations League A Group 3 clash on Saturday with Antoine Griezmann even missing a last-minute penalty.

France coach Didier Deschamps tried a new 3-4-1-2 system but the Swedes, promoted to the competition's top tier after their group victory last year, frustrated the world champions for the first 40 minutes until Mbappe proved to be the difference.

The 21-year-old's 14th international goal came courtesy of a fortunate bounce off a defender's legs as he danced through the right side of the Swedish defence before beating goalkeeper Robin Olsen from a tight angle.

Mbappe was pleased with his coach's tactical switch.

"I like being closer to goal in this system, it makes me happy. I think its a system that suits the characteristics of other players in the team too, and we'll work on it to make it work," he told French TV channel M6.

Former Al Ain striker Marcus Berg caused a moment of panic at the death when thumped a shot that was deflected wide for a corner that the hosts could not capitalise on as France held firm.

Anthony Martial, back in the France squad for the first time since March 2018, replaced Mbappe in the second half and earned a late penalty when he was chopped down by his Manchester United teammate Victor Lindelof.

However, Griezmann fired over over the bar with the final kick of the game.

Despite France's attack failing to fire, Deschamps declared himself satisfied with the result.

"Not everything was perfect. It's a new system that worked pretty well, [but] we could have done better in attacking terms," he said.

On Tuesday, Sweden host Portugal, who beat Croatia 4-1 on Saturday without the injured Cristiano Ronaldo, while France take on the Croatians in Paris.

Portugal forward Joao Felix in action against Croatia goalkeeper Dominik Livakovic. AFP
Portugal forward Joao Felix in action against Croatia goalkeeper Dominik Livakovic. AFP

Juventus striker Ronaldo was missing with an infected toe - caused by a bee sting according to Italian media - but Portugal were still too good for a disappointing Croatia.

Joao Cancelo, Diogo Jota, with his first international goal, Joao Felix and Andre Silva were all on target for Portugal who also hit the woodwork three times.

"It has been a long time since we all got together and some players came straight from their vacation, but the team responded well," said Felix.

Croatia were without Luca Modric and Ivan Rakitic who boast a total of 233 caps between them.

Bruno Petkovic grabbed a stoppage-time consolation for the visitors.

"This wasn't the Croatia I know. We let them do whatever they wanted. There was no aggression in our game -- it should have been 4-0 in the first half," said Croatia defender Dejan Lovren.

Belgium defeated Denmark 2-0 in Copenhagen, handing the Danes a first home loss in four years and an opening defeat for new coach Kasper Hjulmand.

Belgium, without the retired Vincent Kompany and Kevin de Bruyne, who was attending the birth of his third child, were in front after just nine minutes.

Lyon defender Jason Denayer tucked away his first international goal from Dries Mertens' free-kick.

Mertens added the second in the 77th minute when the Napoli striker pounced on a loose ball after Kasper Schmeichel had blocked a Youri Tielmans effort with his legs.

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March 4-8: First Test, Rawalpindi  

March 12-16: Second Test, Karachi 

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

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Timeline

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

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Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

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