LIVE MARKETS-Europe rises on stronger mining, autos, but earnings drag

Reuters
2024-11-07
LIVE MARKETS-Europe rises on stronger mining, autos, but earnings drag

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EUROPE RISES ON STRONGER MINING, AUTOS, BUT EARNINGS DRAG

Europe's STOXX 600 is up 0.6%, as mining and autos lift the index, offsetting the impact of some disappointing earnings across sectors, while aero and defence return some of the gains made on Wednesday.

A basket of basic resources stocks SXPP is up 2.7%, with Anglo American AAL.L and Rio Tinto RIO.L both up 2.7%. Autos .SXAP is another top sectoral riser, up 2% and all but regaining Wednesday's losses after the U.S. election result raised fears of punitive tariffs.

On the converse, defence stocks .SXPARO are down 0.6% following Wednesday's rally on the back of expectations that Europe will have to up its defence spending.

In the UK, John Wood Group WG.L shares have lost almost half of their value this morning, down 47% after the British oilfield services company said its order book fell 8% year-on-year.

Also flashing red are ITV ITV.L, down 7.1% and Auto Trader AUTOA.L, down 5.3% after posting results.

The same is true for the UK's Wizz Air, down 6%. Air France KLM-SA AIRF.PA is down 10% after reporting a bigger-than-expected drop in its quarterly operating result on Thursday. International Consolidated Airlines ICAG.L is down 3.4%.

UK payments company CAB Payments is down 18.4% after after U.S. rival StoneX Group SNEX.O pulled out of takeover talks. Dutch payments company Adyen is another big loser, off 6.5%.

Banco BPM is Europe's top performer, up 10.6% after the Italian bank said it would launch a buyout offer for asset manager Anima Holding ANIM.MI.

(Lucy Raitano)

*****

FOR THURSDAY'S OTHER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: FUTURES RISE AHEAD OF JAMPACKED DAY CLICK HERE

GERMAN POLITICAL DRAMA ADDS TO TRUMP RISKS FOR EUROPE CLICK HERE

Europe's flagging GDP growth rates https://reut.rs/4ecEaCw

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10