Live Markets: Tech up, luxury down

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28/01/2026 09:03

Adds blog entry

STOXX down 0.4%

Tech stocks gain after ASML results

LVMH results weigh on luxury

Fed, big tech results to come, U.S. futures up 0.3%

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TECH UP, LUXURY DOWN

An hour or so ago we wrote there is lots of news to be on top of. That's still true, however, somewhat amusingly STOXX 600 has spent much of the first hour of trading flat on the day. .STOXX

It was last down around 0.4%.

That's not to say there isn't a lot going on under the surface of course. European tech stocks .SX8P are back at post 2000 highs up over 2% on the day helped directly by strong results from ASMLASML.AS , and indirectly by results from SK Hynix 000660.KS

Meanwhile, 10 big luxury names .STXLUXP are down 3% at five month lows weighed down by LVMH's results.

From now on, it's just a case of tracking all the earnings conference calls, and geopolitical news, until we get to the Federal Reserve meeting and results from big U.S. tech names after the bell. It's a long way to go till home time.

 (Alun John)

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 For earlier Live Markets posts

BEFORE THE BELL: LOTS OF NEWS TO READ, START WITH ASML
CLICK HERE

MORNING BID: TRUMP'S TALK DOWNS THE DOLLAR
CLICK HERE