Live Markets: Cautious start for Europe after Tuesday's slide

Just Eat Takeaway.com NV

13/11/2024 09:13

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      STOXX 600 up 0.2%
    

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      Energy sector leads
    

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      Just Eat surges after unit sale
    

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      U.S. futures edge down 
    

  
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    CAUTIOUS START FOR EUROPE AFTER TUESDAY'S SLIDE
    Major European indexes are trading slightly higher on Wednesday with markets awaiting U.S.
inflation data later in the day that could giving further clues about the path for monetary
policy. 
    The STOXX 600  .STOXX  is up about 0.2%, pausing after a 2% slide on Tuesday took the index
to its lowest level since mid August. 
    Germany's DAX  .GDAXI , Britain's FTSE  .FTSE  and France's CAC  .FCHI  are all up between
0.2%-0.4%, while Switzerland's SMI  .SSMI  is falling about 0.1%.
    Shares in Just Eat Takeaway  TKWY.AS   JETJ.L  are topping the pan-European benchmark,
rising over 20% after the company sold its U.S. unit Grubhub for $650 million. 
    Siemens Energy  ENR1n.DE  shares are also up about 20% after the company beat fourth-quarter
expectations and raised its mid-term targets, taking year-to-date gains for the shares to almost
300%.
    At the other end, shares in German life science company Bayer  BAYGn.DE  slipped for second
day after its earnings on Tuesday. Shares are at a two-decade low.
    Here's your opening snapshot:
 
    (Samuel Indyk)
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        WEDNESDAY'S OTHER LIVE MARKETS POSTS:
  
    EUROPEAN FUTURES POINT AT FURTHER WEAKNESS CLICK HERE
        'TRUMP TRADES' PAUSE FOR BREATH BEFORE US CPI 
    CLICK HERE
  
        
  

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Rates and inflation    https://tmsnrt.rs/3U8HdD2
European shares mostly higher    https://reut.rs/3Z3i1Cb
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