Live Markets: STOXX reaching for the record

Infineon Technologies AG

Yesterday 09:05

Adds blog post
STOXX 600 up 0.7%, nearing record high
Brent dips below $90, first time since August
Infineon up 6% after results
Wall Street futures rise
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STOXX REACHING FOR THE RECORD
So far the STOXX 600 .STOXX is up 0.7% on the day, extending gains from the previous session and getting close to notching a fresh all-time high. It hit the last one of those back in August, and notably the drivers behind the highs are more or less the same: a solid earnings season, and optimism about the conflict in the Middle East. 
But back to today. Major European indices are in positive territory across the board, with the DAX .GDAXI and CAC .FCHI both rising around 1%, while the FTSE .FTSE is up 0.4%.
A look at sectoral moves shows that aerospace and defence names .SXPARO are leading gains, up 2.2%, followed by a 2% rise in banks .SX7P. Somewhat expectedly considering oil prices are down for the second day, oil and gas stocks .SXEP are down 0.8% and leading losses by quite some distance. 
Single stock moves meanwhile look relatively contained: Infineon IFXGn.DE shares are at the top of the STOXX with a 6% rise after forecasting higher 2027 growth and posting Q4 results in line with expectations. 

(Sophie Kiderlin)
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