Live Markets: Europe off to a mixed start

Encore Wire

15/04/2024 07:11

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    EUROPE OFF TO A MIXED START 
    Monday is off to a mixed start in Europe after a tumultuous weekend that saw fears of a
wider conflict in the Middle East spreading following Iran's attack on Israel.
    Euro STOXX 50 futures  .STXEc1  are up 0.45% and futures on the DAX are up 0.44%. FTSE 100
futures, however, are down 0.29%.
    Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a
suspected Israeli attack on its consulate in Syria on April 1. 
    Investors will also be looking for further clues this week from Federal Reserve speakers
after red-hot inflation in the United States caused a rapid reining-in of bets on rate cuts this
year.
    Earnings-wise, Monday is still quiet with only Portugal's Galp Energia  GALP.LS  reporting
first-quarter oil and gas output falling 9% quarter on quarter. More action is expected later in
the week, as heavyweights LVMH  LVMH.PA , Nokia  NOKIA.HE , Ericsson  ERICb.ST , and ASML
 ASML.AS  are giving their quarterly updates.
    There is however, lots of happening in M&A, with BNP Paribas  BNPP.PA  agreeing to buy
China's Fosun Group's around 9% stake in Belgian insurer Ageas  AGES.BR  and Italy's Prysmian
 PRY.MI  acquiring Encore Wire  WIRE.O  in $4.2 billion deal

    (Anna Pruchnicka)
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    FOR MONDAY'S OLDER LIVE MARKETS POSTS:
    NERVY MARKETS AWAIT ISRAEL'S RESPONSE, FED OUTLOOK CLICK HERE