Live Markets: STOXX pauses, defence keeps running

Leonardo DRS

25/03/2024 09:37

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      STOXX 600 down 0.1%
    

        * 
      Inflation data eyed this week
    

        * 
      Ageas drops Direct Line buyout plans
    

        * 
      Wall Street futures inch lower
    

  
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        STOXX PAUSES, DEFENCE KEEPS RUNNING
  
    Shares in Europe got off to a rater uneventful start on
Monday, with the STOXX 600  .STOXX  pausing for breath after a
quarter of gains that has led the index to new lifetime highs,
reflecting bets on interest rate cuts later this year.
    The region-wide benchmark fell 0.1% in early deals and other
country indices were also little changed. Similarly muted were
sectoral moves, while in single stocks, Direct Line  DLGD.L 
stood out, falling by 12% after Belgian rival Ageas  AGES.BR 
abandoned its pursuit for the British insurance company.
    A gauge of European aerospace and defence stocks  .SXPARO 
rose 0.8% to a new record high, setting itself for ten
consecutive positive sessions and bringing year-to-date gains to
near 30%. Hensoldt  HAGG.DE , Dassault  AM.PA , Rheinmetall
 RHMG.DE  and Leonardo  LDOF.MI  all rose more than 2.5%.
    Here is your opening snapshot:
    
    (Danilo Masoni)
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