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Live Markets: STOXX pushing higher

LIVE MARKETS-STOXX pushing higher

Adds new blog post

STOXX 600 up 0.5%

BoE up next after Fed stands pat

Amazon, Apple earnings awaited

Earnings deluge sweeps Europe

Construction leads gainers

U.S. futures edge higher

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STOXX PUSHING HIGHER

European shares seem to be shaking off lots of the global noise - whether that's AI-related concerns or the latest strikes in the Middle East - and moving solidly higher.

The STOXX 600 .STOXX is up 0.4%, the FTSE 100 .FTSE is 0.3% higher after hitting a fresh record high, and the CAC 40 .FCHI 0.7%. One of the few outliers is the DAX .GDAXI, down 0.1%.

Construction and materials stocks .SXOP are up around 1.9%, leading sectoral gains, while chemicals .SX4P and mining .SXPP companies were both around 1.5% higher. On the other end of that spectrum, healthcare stocks were down 0.7%.

Earnings are again a big contributor to individual stock moves.

Adidas ADSGn.DE shares fell over 17% and were on track for their biggest-ever daily fall after the German sportswear maker posted profits that disappointed the market despite lifting its outlook for sales.

Elsewhere, chemical group Dsm-firmenich DSFIR.AS beat market expectations for second-quarter core earnings and said full-year sales growth should reach the upper end of its target range. Shares were last up 12%.

And beyond earnings, shares in Swiss chemicals company Clariant CLN.S jumped 18% after the Amsterdam district court dismissed a damage claim from Shell.


(Sophie Kiderlin)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: PLENTY TO ASSESS CLICK HERE

BOND MARKETS DOING THE FED'S WORK CLICK HERE


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