Live Markets: Half-time in Europe: trying for gains
LIVE MARKETS-Half-time in Europe: trying for gains Adds blog post
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HALF-TIME IN EUROPE: TRYING FOR GAINS
We are around the half-way mark for Europe's trading day, and after a sluggish start to the day, the STOXX 600 .STOXX was last up 0.1%, but has been higher as it pushes to make gains. It hasn't reached a new record high though, with the broader market backdrop steady ahead of U.S. CPI data, which could however shape up to be somewhat of a catalyst.
All the while, uncertainty about the prospect for peace in the Middle East and questions about the Strait of Hormuz are still ticking along. Brent crude futures LCOc1 have however given up earlier gains and were last hovering around the flatline at $88.92 a barrel
Most major European indices are also in positive territory, with the FTSE .FTSE a touch higher and the DAX .GDAXI rising 0.5%. The CAC .FCHI is trailing though, down 0.1%.
Aerospace and defence stocks .SXPARO have extended gains, last 1.5% higher on the day, and joined by construction and materials stocks .SXOP, which are 1.3% higher, as the top sectoral gainers. Luxury .STXLUXP names are meanwhile now down 1.9%.
(Sophie Kiderlin)
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EARLIER ON LIVE MARKETS:
WHY CHINA'S THREAT TO EUROPEAN AUTOS IS MORE NUANCED THAN IT LOOKS CLICK HERE
HOW AI MIGHT ACCELERATE THE K-SHAPE CLICK HERE
STOXX FLAT, BUT NEAR RECORD HIGHS CLICK HERE
BEFORE THE BELL: EUROPE SET FOR MUTED OPEN AHEAD OF US DATA CLICK HERE
HOT SPOTS SIZZLE, CPI LOOMS CLICK HERE