Live Markets: Soft start on busy earnings day

adidas AG

29/04/2026 09:09

Adds new blog post

STOXX 600 down 0.3%

Busy earnings day

Efforts to end Iran war at impasse

US futures edge up

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SOFT START ON BUSY EARNINGS DAY

Major European share indexes are again edging slightly lower, with investors not willing to add to risk while efforts to end the Iran war are at a deadlock and the Strait of Hormuz remains effectively shut to traffic.

The STOXX 600 .STOXX is down about 0.3%, with the number of declining stocks outnumbering advancing stocks by about two to one.

It's been a morning chock-full of earnings, with Adidas ADSGn.DE one of the top gainers in Europe following its results. The sportswear manufacturer, fresh off its London Marathon PR boost, reported better-than-expected first-quarter profit.

Tech shares .SX8P are the top gainers, up 0.9% after a hefty 1.8% drop the day before on concerns about AI growth prospects. Retail .SXRP, insurers .SXIP and utilities .SX6P are the biggest laggards.

Here's your opening snapshot:

(Samuel Indyk)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: FUTURES SIGNAL A SMALL BOUNCE CLICK HERE

FED SAILS INTO UNCHARTED WATERS AS POWELL BOWS OUT CLICK HERE

Inflation by Fed chair https://www.reuters.com/graphics/USA-FED/gkvlkqoeapb/chart.png

European shares dip as Iran war stalemate continues https://www.reuters.com/graphics/GLOBAL-STOCKS/xmvjyylmrpr/chart.png