Live Markets: Half-time in Europe: cautious trading
15/04/2026 12:15
Adds blog post
STOXX 600 down 0.1%
Oil prices rise
Luxury stocks fall after Kering, Hermes results
Wall St futures steady
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HALF-TIME IN EUROPE: CAUTIOUS TRADING
European shares are still hovering close to unchanged at the midway point of the trading day, with mixed news flow on the Iran war since the open.
Trump said he thinks the war can be over very soon and that the Strait of Hormuz was opening.
Meanwhile, Iran's Revolutionary Guards said they will not allow imports and exports in the Gulf or Sea of Oman if the U.S. continues its blockade of Iranian vessels. The country's top joined military command added that armed forces would act to prevent the continuation of trade flows in the Red Sea if the blockade continues.
Under the surface, luxury stocks .STXLUXP are still the biggest laggards after disappointing updates from Kering PRTP.PA and Hermes HRMS.PA.
Looking forward, the economic calendar is light although there are a lot of central bank speakers on the slate, including BoE Governor Bailey, ECB President Lagarde and SNB Chair Schlegel.
(Samuel Indyk)
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FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS:
THE PAIN TRADE IS ON THE UPSIDE CLICK HERE
FRANCE WASTED 2025, SAY SOC GEN, WHO SEE LITTLE REASON FOR OPTIMISM CLICK HERE
WHY THE DOLLAR MIGHT BE READY FOR A NEW RALLY CLICK HERE
STOXX FLAT AS TECH NAMES OFFSET LUXURY FALLS, WAR JITTERS CLICK HERE
EUROPE BEFORE THE BELL: FUTURES MIXED, EARNINGS IN FOCUS AFTER RALLY CLICK HERE
STOCKS RISE, BLOCKADE HOLDS, TALKS MAY RESUME CLICK HERE
How US markets have performed over the past year https://www.reuters.com/graphics/AUTOMATED-20260414/US-INDEX-COMPARISON-365D/myvmyxgmgvr/chart.png
Stocks JPM https://fingfx.thomsonreuters.com/gfx/mkt/klpylbzlrvg/Pasted%20image%201776248603016.png