Live Markets: Some welcome calm for stocks
LIVE MARKETS-Some welcome calm for stocks Adds blog post
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SOME WELCOME CALM FOR STOCKS
European shares are cautiously higher in the first hour of trading, helped by a dip in oil and gas prices, but the story of the week so far remains higher energy prices, higher bond yields and lower shares.
The broad STOXX 600 .STOXX is up 0.2%, though still down nearly 2% on the week.
There isn't a huge amount of news going on under the surface either, perhaps the most notable mover is Novo Nordisk NOVOb.CO down 2.8%, after a downgrade by Morgan Stanley.
Software stocks are also a bit weak, while banks, an investor darling, are among the winners. The sector index is up nearly 1%. .SX7P
(Alun John)
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FOR EARLIER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: STOXX SET FOR 2% WEEKLY FALL CLICK HERE
MORNING BID: LENDERS SAY SHOW ME THE MONEY AS BOND CARNAGE SPREADS CLICK HERE
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