Live Markets: STOXX 600 flat as tech names offset luxury falls, war jitters
15/04/2026 09:29
Adds blog post STOXX 600 little changed Oil prices flat Luxury stocks fall after Kering, Hermes results Wall St futures steady 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 STOXX FLAT AS TECH NAMES OFFSET LUXURY FALLS, WAR JITTERS Europe's STOXX 600 is hovering around flat on Wednesday, as some disappointing results from the luxury sector weigh on sentiment and investors are also assessing the latest developments in the Middle East. A U.S. blockade is halting Iran's maritime trade and impacting 90% of Iran's economy, even as President Donald Trump said talks with Tehran on ending the war could resume this week. Oil prices are flat LCOc1. Eyes are on corporate earnings as results season gears up. Kering PRTP.PA is down 12.8% after first-quarter sales at its Italian flagship brand Gucci dropped more than expected. Hermes is also down 10% after results and together they are leading broader losses among luxury names: Burberry BRBY.L and Richemont are also among Europe's top fallers, with the Iran war continuing to weigh on the sector. On the flip side, a basket of tech stocks is the best off .SX8P rising 1.1%. Aixtron is up 14.6% after the German chip systems manufacturer raised its 2026 sales outlook. Elsewhere ASML ASML.AS shares are up 1.1% after reporting stronger-than-expected first-quarter earnings. BE semiconductor BESI.AS shares are up 2.1%. (Lucy Raitano) ***** FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS 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