Live Markets: Soft end to the week
LIVE MARKETS-Soft end to the week Adds new blog entry
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SOFT END TO THE WEEK
Major European equity indexes are soft on Friday, dragged lower by falling tech and energy shares.
The pan-continental STOXX 600 .STOXX is down 0.6% in early trade, although is up about 0.4% for the week, heading for its third straight weekly gain. Breadth is negative, with declining stocks outnumbering advancing stocks by over two to one.
Major bourses in Frankfurt .GDAXI, Paris .FCHI and London .FTSE are also lower on Friday.
Energy stocks .SXEP are the biggest laggards as oil prices sit at their lowest level since early March. Brent crude futures LCOc1 are heading for their third straight weekly drop.
Tech stocks .SX8P are also struggling, not helped by Apple's AAPL.O price hikes and reports that OpenAI is considering delaying its public listing into 2027.
Zalando ZALG.DE is the biggest faller in the STOXX 600 after the German financial regulator said it was probing the retailer's 2025 financial statements.
London's Wise WISEa.L is the top gainer after it announced a new share repurchase programme alongside its results.
Here's your opening snapshot:
(Samuel Indyk)
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EARLIER ON LIVE MARKETS:
EUROPE BEFORE THE BELL: SHAKY SENTIMENT CLICK HERE
CHIPFLATION CLICK HERE