Live Markets: Insurers and luxury

Ubisoft Entertainment SA

10/01/2025 09:22

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      STOXX 600 down 0.2%
    

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      Luxury leads, utilities lags
    

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      Wall St futures lower
    

  
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    INSURERS AND LUXURY 
    It's been a pretty quiet first hour of trading with the STOXX 600 and most national
benchmarks trading pretty near flat. 
    But there are a couple of sector stories in the mix that are enough to keep things busy
until U.S. payrolls later. 
    Insurers, particularly those with large exposure to the wildfires menacing Los Angeles, are
down with Beazley, Lancashire and Hiscox all down around 3%, the three biggest fallers across
UK-listed large and midcaps.  .FTLC  
    Then a report from an Italian financial daily that Italy's Prada is looking at Versace,
could be helping luxury names in case it sparks a new wave of deal making. The European luxury
index is up 0.6% the biggest sectoral gainer today. 
    Eyes are also on Ubisoft  UBIP.PA  - nothing new there - down 7% at the bottom of the STOXX,
aafter the video game maker postponed "Assassin's Creed Shadows" premiere again and cut its Q3
and FY net bookings outlook.   
    
    (Alun John) 
    *****
    
    EARLIER LIVE MARKETS POSTS 
    EUROPE BEFORE THE BELL EQUITY INVESTORS WATCH BONDS CLICK HERE
    MORNING BID: LOOMING PAYROLLS KEEP BOND BEARS HUNGRY CLICK HERE