Live Markets: STOXX hits new intraday record

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02/10/2025 09:25

Adds new blog entry

STOXX 600 up 0.6% to new record

FTSE, AEX, Euro STOXX 50 also hit fresh peaks

Autos, luxury, tech lead

Wall St futures higher

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STOXX 600 HITS NEW INTRADAY RECORD

Europe's STOXX 600 rose to a new intraday record on Thursday for the first time since March, boosted by gains in the autos, tech and luxury sectors.

The pan-European benchmark is last up 0.5% at 567.59 points, eclipsing March's previous record 565.18.

Stocks have been lifted by expectations of easier Fed policy after unofficial labour market data showed the U.S. shed private payrolls last month.

Breadth is positive, with gainers outpacing decliners by about 1.8:1.

The Euro STOXX 50 .STOXX50E and Britain's FTSE 100 .FTSE also touched record highs on Thursday, although the latter is now a touch softer.

The Dutch AEX .AEX also rose to a record on Thursday, lifted by its chip stocks. BE Semi BESI.AS, ASM International ASMI.AS and ASML ASML.AS are all up between 4.3%-6.3% after OpenAI's deal with Samsung Electronics and SK Hynix sparked optimism in the sector.

Experian EXPN.L shares lag after FICO said it was launching a cost-cutting direct licence programme for mortgage lending. Citi said the move implies that this would cut out the margin that the likes of Experian make on the FICO credit score itself.

Here's your opening snapshot:

(Samuel Indyk)

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EARLIER ON LIVE MARKETS

EUROPE BEFORE THE BELL: STOXX SET FOR INTRADAY RECORD CLICK HERE

DARKNESS FALLS ON DOUR US JOBS MARKET CLICK HERE

Monthly change in US private payrolls https://www.reuters.com/graphics/AUTOMATED-202509/ADP-JOBS-13M/dwpklbqyzvm/chart.png

STOXX 600 rises to new intraday record https://reut.rs/42oyz9f