Live Markets: Retail lifts STOXX 600 after Inditex results
03/12/2025 09:01
Adds new blog entry STOXX 600 up 0.3% Inditex jumps after results, lifts retail sector US ADP payrolls report due Wall St futures higher 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 RETAIL LIFTS STOXX 600 AFTER INDITEX RESULTS The STOXX 600 is edging higher on Wednesday, supported by a jump in the retail sector after upbeat results from Spain's Inditex. The Zara owner ITX.MC reported sales that beat expectations in the last quarter and said sales in November were up 10.6% year-over-year. Shares are up 7.5%. That has given a lift to the retail sub-index .SXRP, which is up 2.7% to its highest in five weeks. More broadly, the STOXX 600 .STOXX is up 0.3%, with most other major bourses in positive territory. Spain's IBEX .IBEX outperforms on the boost from Inditex. Europe's semiconductor sector is also doing well after U.S. peer Marvell Technology MRVL.O gave a bullish outlook for next year. STMicro STMPA.PA, VAT Group VACN.S, ASM International ASMI.AS, BE Semi BESI.AS and ASML ASML.AS are all rising between 2.4% and 4.5%. ASML is also benefitting after BofA called the stock one of its "25 for 2026" and added it to its "Europe 1" list of top ideas. Here's your opening snapshot: (Samuel Indyk) ***** EARLIER ON LIVE MARKETS: EUROPE BEFORE THE BELL: MODEST GAINS CLICK HERE RISK-ON, RISK-OFF, RISK-ON CLICK HERE How US markets have performed over the past year https://www.reuters.com/graphics/AUTOMATED-20251202/US-INDEX-COMPARISON-365D/zdvxjxbkqvx/chart.png Dollar flows from offshore borrowings, deposits from overseas Indians have slowed https://www.reuters.com/graphics/INDIA-RUPEE/FLOWS/zdvxjxgzxvx/chart.png Positive start for European stocks, Wall St futures inch higher https://www.reuters.com/graphics/GLOBAL-STOCKS/znvnqxrdzpl/chart.png