Live Markets: European shares muted, utilities lead

Vestas Wind Systems A/S

20/05/2025 09:14

STOXX 600 up 0.1%

Utilities lead gainers

Wall St futures lower

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EUROPEAN SHARES MUTED, UTILITIES LEAD

Europe's trading day has begun in muted fashion on Tuesday, as attention remains on the trade war, earnings and the state of the global economy.

The STOXX 600 .STOXX is up less than 0.1%. The blue-chip Euro STOXX 50 .STOXX50E is down a similar amount.

The utilities sector .SX6P is the best performing, helped by a 14% jump in Danish renewables firm Oersted ORSTED.CO and a 4.3% rise in Vestas VWS.CO after the U.S. lifted a stop work order on Equinor's EQNR.OL planned offshore wind project off the coast of New York.

The financial services sector .SXFP lags, weighed by a 3% drop in UBS UBSG.S shares on worries it would have to hold up to $25 billion of extra capital after Bloomberg reported it was set to lose the first round of its fight with the Swiss government on capital hike laws.

In the STOXX 600, 285 stocks are advancing, while 288 are declining and 27 are little changed.

     Here's your opening snapshot:

(Samuel Indyk)

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TUESDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES SIGNAL HIGHER OPEN CLICK HERE

MARKETS MOODY AS TRADERS LOOK FOR TRADE DEALS
CLICK HERE

China cuts benchmark lending rates for the first time since October https://reut.rs/43Dd9pJ

US yield curve https://reut.rs/4jVnrau

European shares mixed, Spain outperforms https://reut.rs/44MgDrc