Live Markets: Autos drive STOXX higher

Koninklijke Philips

04/12/2025 10:10

Adds new blog entry

STOXX 600 up 0.3%

Autos lead gainers

Philips top faller

Wall St futures inch up

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AUTOS DRIVE STOXX HIGHER

European shares got off to a slightly higher start on Thursday with autos .SXAP leading sectoral gains, up over 2%, after U.S. President Donald Trump proposed slashing fuel economy standards, offering some relief to the battered sector.

The region-wide STOXX 600 .STOXX edged up 0.3%, also supported by broad gains across industrials .SXNP and tech stocks .SX8P, helped by improving risk sentiment.

Utilities .SX6P lagged, down 0.6%. Philips PHG.AS was a big faller, down over 8% after management tempered growth expectations and flagged tariff headwinds at a Citi conference.

In London, the FTSE 100 .FTSE was unchanged.

Here is your opening snapshot:

(Danilo Masoni)

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EARLIER ON LIVE MARKETS:

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