Live Markets: Smooth sailing

Hannover Rueck SE

12/08/2024 08:44

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      STOXX 600 up 0.2%
    

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      BT shares up on Drahi stake sale
    

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      Volatility ebbs
    

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      Wall St futures edge up
    

  
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    SMOOTH SAILING
    European equity markets are a beacon of calm on Monday after the bouts of volatility seen
during the previous few weeks. 
    The pan-European STOXX 600  .STOXX  is up 0.2%, having gained 0.3% last week. The index is
on track for its fifth straight positive day.
    Germany's DAX  .GDAXI , France's CAC 40  .FCHI  and Britain's FTSE 100  .FTSE  are gaining
between 0.1% and 0.5%. 
    In a sign of relative calm, the Euro STOXX volatility index  .V2TX , which spiked above 40
last week, was back below 20. 
    The insurance sector  .SXIP  leads the way higher, up 0.8%, in a busy earnings week for the
sector, with reports due from Aviva  AV.L , Talanx  TLXGn.DE , NN Group  NN.AS  and Admiral
 ADML.L . 
    Upbeat earnings from reinsurer Hannover Re  HNRGn.DE  have lifted its shares over 5% on
Monday. 
    Shares in BT  BT.L  are up 6.5% after Bharti Enterprises agreed to buy Patrick Drahi's stake
in the telecoms company, worth about 3.2 billion pounds. 
    Here's your opening snapshot: 
    (Samuel Indyk)
    *****
    
    FOR MONDAY'S OTHER LIVE MARKETS POSTS:
    FUTURES IN THE GREEN CLICK HERE
    MARKETS SHIFT TO HOLIDAY MOOD CLICK HERE

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European equities steadily higher    https://reut.rs/3yMqn6S
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