Live Markets: German stocks at all-time highs, Rolls-Royce rebounds

Swiss Life Holding AG

03/09/2024 09:11

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      STOXX 600 up 0.1%
    

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      Aerospace and defence stocks recover
    

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      Wall Street futures flat
    

  
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    GERMAN STOCKS AT ALL-TIME HIGHS, ROLLS-ROYCE REBOUNDS
    The German DAX is at an all-time high, building on its recent run of gains after easing
inflation fuelled hopes of an interest rate cut by the European Central Bank next month.
    Focus however remains on the U.S. jobs reports this week that could set the tone for
financial markets in the coming days. 
    The pan-European STOXX 600  .STOXX  is eking out a 0.1% gain. France's CAC 40  .FCHI  and
Britain's FTSE 100  .FTSE  are up 0.3% and 0.1% respectively. 
    Shares in Rolls-Royce  RR.L  are recovering from Monday's 6.5% slide after Hong Kong's
Cathay Pacific Airways  0293.HK  inspected its entire Airbus  AIR.PA  A350 fleet after the
in-flight failure of an engine part. The stock is up more than 4%, and Airbus up 0.4%
    Swiss Life shares  SLHN.S  are trading at multi-year highs after the insurer and asset
manager reported half-year fee result above expectations. 
    Deustche Bank  DBKGn.DE  shares are edging higher after Barclays upgraded the lender's
shares to "overweight," citing the potential for capital distribution plans.
    Ashtead Group  AHT.L  shares are up 4.2% after the British equipment rental company forecast
annual results to be in line with its prior expectations and reported a 7% rise in Q1 group
rental revenue.  
    
    (Sruthi Shankar)
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    FOR TUESDAY'S OTHER LIVE MARKETS POSTS
    EUROPEAN STOCKS SET TO CREEP HIGHER CLICK HERE
    ISM KICKS OFF THE DOLLAR'S BIG WEEK CLICK HERE
    

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US dollar slumps to 13-month low as Fed signals rate cut    https://reut.rs/3MmUIw9
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