Live Markets: Before the bell: Europe pushes toward new record

Siemens AG

Yesterday 07:46

Adds blog post
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
     
BEFORE THE BELL: EUROPE PUSHES TOWARD NEW RECORD
While attention remained squarely fixed on the future of Nvidia NVDA.O CEO Jensen Huang and the potential implications for the AI trade, European shares looked set for another day of gains that could push them above August's record high.
Euro STOXX 50 futures .STOXX50 rose 0.3%, although technology heavyweights such as ASML ASML.AS and other AI-linked stocks were seen opening lower amid uncertainty about the industry's outlook should Nvidia face a leadership transition.
Europe's relatively limited exposure to big technology stocks, coupled with the recent slide in oil prices, has proved an advantage as volatility continues to grip the sector that has powered the global bull market in recent years.
Strong corporate earnings have also underpinned gains, with the STOXX 600 .STOXX up 12% year-to-date. Fresh evidence came on Thursday as Siemens SIEGn.DE raised its growth outlook after strong demand for trains and AI-related data centres continued to drive orders.
Elsewhere, insurer Allianz ALVG.DE and luxury goods group Burberry BRBY.L were also called higher after reporting results.
Nasdaq NQc1 futures, meanwhile, fell 0.9%.
(Danilo Masoni)
*****
     
EARLIER ON LIVE MARKETS:
JENSEN HANGS ON AS NVIDIA TUMBLES CLICK HERE