Live Markets: European shares off to a gloomy start

Biomerieux SA

09/04/2024 08:39

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    EUROPEAN SHARES OFF TO A GLOOMY START
    European shares were trading lower on Tuesday, with investors remaining cautious ahead of
this week's U.S. inflation data and a European Central Bank meeting.
    The region-wide STOXX 600  .STOXX  index was down 0.2%, but remains close to a record high
touched last week. Rate-sensitive real estate stocks  .SX86P  and retailers  .SXRP  are
providing a drag, both down 0.9%.
    Miners were leading gains, boosted by rising metal prices. Rio Tinto  RIO.L , Antofagasta
 ANTO.L , Anglo American  AAL.L  were all up between 1.2% and 1.3%.  MET/L  
    But BP  BP.L  is having the biggest positive impact on the FTSE 100  .FTSE  on an index
points basis, with shares ticking 1.4% higher after the oil major said it expects a rise in
first-quarter upstream energy output. 
    Copenhagen and Oslo stocks were among the few major indices in the black in Europe, with
Germany’s DAX  .GDAXI  down 0.5% and France’s CAC 40  .FCHI  slipping 0.3%.
    Among single stocks, the French diagnostics company Biomerieux  BIOX.PA  jumped 7.7% after
it announced higher Q1 sales and targets until 2028.
    
   
    (Anna Pruchnicka)
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    FOR TUESDAY'S OTHER LIVE MARKETS POSTS
    METALS RISE ABOVE THE DIN CLICK HERE
    FUTURES SIGNAL WEAK OPEN FOR EUROPE CLICK HERE
    

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