Live Markets: European equities struggling for direction

Frontline

02/01/2025 09:01

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      STOXX 600 down 0.1%
    

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      Energy leads, Autos lag
    

        * 
      Wall St futures higher
    

  
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EUROPEAN EQUITIES STRUGGLING FOR DIRECTION 
    Major European equity markets are mixed on Thursday as investors await new catalysts to
drive price action at the start of the year. 
    The pan-continental STOXX 600 index  .STOXX  is down less than 0.1%, having closed out 2024
with a 6% rise.
    Other major bourses are hovering either side of the unchanged mark with notable
underperformance seen in France where the CAC 40  .FCHI  is shedding 0.5%. 
    On a sector basis, oil & gas stocks  .SXEP  are leading as crude futures trade slightly
higher and as Russian gas firm Gazprom halted gas exports via pipelines running through Ukraine
after Ukraine refused to renew a transit agreement. 
    Europe's top gainers include oil & gas producer Equinor  EQNR.OL  and Frontline  FRO.OL ,
which focuses on seaborne transportation of crude oil and refined products. 
    Autos  .SXAP  and luxury  .STXLUXP  sectors are laggards. 
    Here's your opening snapshot: 
    
    (Samuel Indyk) 
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    THURSDAY'S OTHER LIVE MARKETS POSTS:
    EUROPE BEFORE THE BELL: FUTURES SIGNAL POSITIVE START TO 2025 CLICK HERE
        MARKETS USHER IN 2025 WITH TRUMP TREPIDATION 
    CLICK HERE
  
        
  

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Where investors think the Fed is headed    https://reut.rs/402ULUe
European shares start new year mixed    https://reut.rs/4fG2xt5
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