Live Markets: Buy Europe: STOXX, FTSE scale new peaks

Astrazeneca Pharma India

06/02/2025 08:53

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      STOXX 600 hits record, up 0.8%
    

        * 
      Soc Gen, AstraZeneca rise on earnings
    

        * 
      Wall St futures edge higher 
    

  
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    BUY EUROPE: STOXX, FTSE SCALE NEW PEAKS
    Traders kept buying into European shares on Thursday, shrugging off recent tariff jitters,
with strength spread across sectors and geographies throwing the STOXX 600  .STOXX  and London's
FTSE 100  .FTSE  to new record highs.    
    The rise further widened a performance gap versus Wall Street, as ultra cheap relative
valuations and a series of catalysts ahead that could help extend the rally are luring investors
after years of deep underperformance. 
    Highlights on Thursday also included the aerospace and defence index  .SXPARO  nudging above
its previous lifetime peak and banks  .SX7P  steaming ahead with a 0.9% advance to a fresh high
in nearly 15 years. Miners were strong too.
    The STOXX is up almost 7% YTD, more than twice the 3.1% rise in the S&P 500  .SPX 
    Here is your opening snapshot:    
    (Danilo Masoni)
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    EARLIER ON LIVE MARKETS:
    BEFORE THE BELL: MIXED BANK EARNINGS, BOE AWAITED CLICK HERE
    FOCUS SWINGS BACK TO RATE MOVES, COMPANY EARNINGS CLICK HERE

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