Live Markets: STOXX edges up as banks bounce

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16/02/2026 08:52

Adds blog post

STOXX 600 up 0.3%

Banks rebound

NYSE shut for holiday

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STOXX EDGES UP AS BANKS BOUNCE

European shares edged higher in morning trading on Monday, supported by a rebound in the heavyweight banking sector .SX7P, which was hit last week when AI‑related worries spilled into the broader financials space.

The gains helped lift the pan‑regional STOXX 600 .STOXX by around 0.3%, offsetting weakness in basic materials .SXPP after their recent strong run and a drop in utilities .SX6P, which have been under pressure following suggestions the European Union should reform the carbon market.

Activity is expected to remain subdued with markets closed in the United States and much of Asia.

(Danilo Masoni)

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EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPEAN FUTURES EDGE UP CLICK HERE

JAPAN'S ECONOMY COULD DO WITH SOME FIRE HORSE ENERGY CLICK HERE