Live Markets: European stock markets mixed, eyes on France
04/12/2024 08:47
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STOXX 600 up 0.3%
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France's CAC 40 up before no-confidence vote
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S. Korea's Kospi slides after Martial Law bid
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S&P, Nasdaq futures higher
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EUROPEAN STOCK MARKETS MIXED, EYES ON FRANCE
Major European equity indexes are trading mixed on Wednesday, with eyes on France's vote of
no-confidence, which looks set to oust the government, later in the session.
Markets appear to be taking the possible collapse of the French government in their stride,
with France's blue-chip CAC 40 .FCHI index up 0.4% on Wednesday and higher by around 0.5% for
the week.
Europe's STOXX 600 .STOXX is up 0.3% on Wednesday. Germany's DAX .GDAXI is gaining 0.6%
while Britain's FTSE .FTSE and Switzerland's SMI .SSMI are down 0.2% and 0.1%, respectively.
In terms of sectors, retail stocks .SXRP are gaining for a fifth straight day to trade at
their highest in a month.
Europe's industrial sector .SXNP trades at a record high, with the sub-index up 17% this
year, driven by gains in aerospace and defence stocks Kongsberg Gruppen KOG.OL , Rheinmetall
RHMG.DE and Rolls-Royce RR.L , whose shares have all at least doubled in the last 12 months.
Defensive sectors such as healthcare .SXDP , utilities .SX6P and telecoms .SXKP are
among the biggest fallers on Wednesday.
Here's your opening snapshot:
(Samuel Indyk)
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MONDAY'S OTHER LIVE MARKETS POSTS:
POLITICAL STORMS SAP SENTIMENT CLICK HERE
EUROPE BEFORE THE BELL: FUTURES WEAK BEFORE FRANCE VOTES CLICK HERE
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South Korea's Kospi Index struggles in 2024 https://tmsnrt.rs/3CRjXVN
French risk premium jumps to highest since 2012 https://reut.rs/41chCz3
European shares mixed before French vote https://reut.rs/3BdhB35
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