Live Markets: STOXX 600 rises, heads for biggest weekly jump since April

Raiffeisen Bank International AG

03/10/2025 08:59

Adds new blog entry

STOXX 600 up 0.4% to record

Miners, banks lead

U.S. govt shutdown postpones jobs data

Wall St futures higher

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STOXX 600 RISES, HEADS FOR BIGGEST WEEKLY JUMP SINCE APRIL

The pan-continental STOXX 600 .STOXX is on track for its biggest weekly rise since April's tariff turmoil rebound, as global stocks have surged this week on expectations that the Fed will continue cutting rates.

The index is up 0.4% on Friday, eclipsing the record high from the day before. It has risen 2.7% this week, its biggest jump in over five months.

Breadth is positive with gainers outnumbering decliners by over 3:1.

Miners .SXPP and banks .SX7P lead the way, the latter boosted by a 7% jump in Austria's Raiffeisen Bank RBIV.VI after the FT said the EU may unfreeze some sanctioned Russian assets to compensate the bank.

Tech .SX8P shares lag, although the sector is still up 4.5% this week.

Here's your opening snapshot:

(Samuel Indyk)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: STOCKS SET FOR BEST WEEK SINCE APRIL CLICK HERE

US POLITICS CAN'T SHUT DOWN THE ANIMAL SPIRITS CLICK HERE

Where investors think the Fed is headed https://www.reuters.com/graphics/AUTOMATED-20251003/BENCHMARK-FED-RATE-FUTURES-MARKET-OUTLOOK/xmvjeddlrpr/chart.png

Charts: US government shutdowns https://www.reuters.com/graphics/USA-CONGRESS/SHUTDOWN/lbpgzewnrvq/graphic.jpg

STOXX 600 set for biggest weekly jump since April https://www.reuters.com/graphics/GLOBAL-STOCKS/znvnnarzzvl/chart_eikon.jpg