Live Markets: Quiet start, travel sector top faller

RENK AG

05/06/2025 09:25

STOXX 600 up 0.2%

ECB set to cut interest rates

NATO defence ministers to meet

Wall Street futures edge up

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

QUIET START, TRAVEL SECTOR TOP FALLER

        Europe got off to a quiet start on Wednesday, with top benchmarks mostly stuck within recent ranges, following a sharp market recovery in May from April's tariff shock.

The STOXX 600 .STOXX edged up 0.3% with ECB and NATO meetings coming into focus ahead of potentially market-moving non-farm payrolls data in the U.S. on Friday.

Strength in the construction .SXOP and tech .SX8P sectors was partly offset by weakness in travel stocks .SXTP, down 0.8%, after budget carrier Wizz Air reported a 62% profit drop, citing capacity constraints due to grounded planes.

Wizz Air WIZZ.L fell 26% at one point. That appeared to weigh on other airlines, with Lufthansa LHAG.DE, easyjet EZJ.L and ICAG ICAG.L, down 1.5-2.7%.

The DAX .GDAXI in Frankfurt stayed just below its latest record high hit on Wednesday, up 0.1%. The FTSE 100 .FTSE in London .FTSE was flat. Copenhagen .OMXC20 was shut for holiday. Here is your opening snapshot:

(Danilo Masoni)

*****

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: AWAITING THE ECB, AND NATO MEETING CLICK HERE

SWITCH 2 DEBUTS BUT NO FUN-AND-GAMES IN TRADE CLICK HERE

eu open https://tmsnrt.rs/443mgjK