Live Markets: Tech jitters keep STOXX subdued, rare rally in Copenhagen

Vestas Wind Systems A/S

05/11/2025 09:12

Adds new blog entry

STOXX 600 down 0.1%

Tech leads fallers

Novo lifted by US pricing news

But Nasdaq futures off lows

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TECH JITTERS KEEP STOXX SUBDUED, RARE RALLY IN COPENHAGEN

Tech jitters spread to Asia, keeping European shares subdued on Wednesday, though losses were far smaller than Tuesday's slump, with the STOXX 600 .STOXX last down just 0.1%, after sliding as much as 1.6% the previous day.

Overnight profit-taking in Japanese and South Korean tech and a drop in AMD AMD.O shares, despite strong earnings, dragged European tech .SX8P down more than 1%, making it the worst-performing sector.

Gains in defensive consumer staples and autos helped cushion the decline.

Copenhagen's OMX20 .OMXC20, down nearly 30% year-to-date and the weakest blue-chip index in the STOXX group, was enjoying a rare good day, up more than 1%.

Novo Nordisk NOVOb.CO erased earlier losses as traders weighed a guidance cut against better-than-expected Medicare pricing news. The stock, down about 50% YTD, was last up 1.3%.

Danish wind turbine maker Vestas VWS.CO jumped 14%, buoyed by solid margins in its latest update and a surprise share buyback.

The FTSE .FTSE in London was a touch above parity.

(Danilo Masoni)

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EARLIER ON LIVE MARKETS:

BEFORE THE BELL: MORE PROFIT-TAKING IN TECH, NOVO SLIDES CLICK HERE

PYROTECHNICS IN STOCKS AND US ELECTIONS CLICK HERE

US stock prices today https://www.reuters.com/graphics/MARKETS-AUTOMATED/US-PCT-CHANGE-TODAY/byprebynxve/chart.png

eu open https://tmsnrt.rs/48YZ74Y