Live Markets: Earnings matter
10/09/2025 09:14
STOXX 600 up 0.6% Inditex up after earnings Eyes on U.S. PPI Nasdaq futures edge up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EARNINGS MATTER For all the macro and geopolitical news, the first hour of trading has been all about results. Zara owner Inditex ITX.MC is at the top of the STOXX 600 .STOXX, up 6.7% after it reported a better start to its autumn sales, an encouraging sign for the world's biggest listed fast-fashion retailer. That's also made retail stocks the best performing sector, up 2.5%, .SXRP and well ahead of tech .SX8P, up 1.3%. The broad Stoxx 600 is up 0.6%. It's not all good news for retail mind you, at the other end of the charts, Associated British Foods ABF.L shares are down 9% after it said underlying sales at its Primark clothing business are expected to be down around 2% in its second half. To come, well anything could happen in world news. In the past 24 hours we've had Poland shooting down drones that entered its airspace during a widespread Russian attack in western Ukraine on Wednesday, and Israel attempting to kill the political leaders of Hamas with an airstrike on Qatar. They've not had much effect on developed markets, but Polish blue chips .WIG20 down 1.2% are noticeably underperforming. In terms of scheduled events, U.S. PPI data is on the docket. (Alun John) ***** EARLIER LIVE MARKETS POSTS EUROPE BEFORE THE BELL: LOTS GOING ON BUT FUTURES ARE UP CLICK HERE