Live Markets: STOXX gets TMT lift, luxury lags

LVMH Moet Hennessy Louis Vuitton SE

03/09/2026 09:47

Adds blog post
STOXX 600 up 0.3%
Media, tech lead
Oil dips, yields fall
Wall St futures edge up
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STOXX GETS TMT LIFT, LUXURY LAGS
Falling crude prices and a pause in the global bond selloff help European shares eke out modest gains on Thursday, with the STOXX 600 .STOXX rebounding from more than one-month lows.
Telecoms .SX7P, media .SXMP and tech .SX8P rise after a mix of news including Elliott building a stake in Deutsche Telekom DTEGn.DE and Broadcom AVGO.O seeing strong AI chip sales over the next two years, lifting the regional index 0.3%.
Luxury .STXLUXP is a clear weak spot as investors remain wary of a fragile demand outlook, with sector bellwether LVMH LVMH.PA hitting its lowest level since 2020. Energy .SXEP retreats, with Brent crude briefly dipping below $95 a barrel.
London's FTSE 100 .FTSE and the euro zone's blue-chip Euro STOXX 50 .STOXX50E advance around 0.1%.

(Danilo Masoni)
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