Autos and banks dent STOXX, Russia worries mount
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
AUTOS AND BANKS DENT STOXX, RUSSIA WORRIES MOUNT
Europe's STOXX 600 .STOXX is down 0.9%, led lower by autos and banks as utilities cap further losses. A flurry of warnings from Russia about possible retaliation for any attacks on its territory or that of its allies has also set a risk-off tone to trading.
Autos .SXAP are off 1.8%, with Stellantis .STLAM.MI down 3.3%. Banks .SX7P are down 1.4% while on the positive end, utilities are up 0.2%.
Topping the European index is German group Thyssenkrup, up 8.6% after some strong Q4 results.
UK-listed Burberry is off 5.6% and near the bottom of the index. Rival UK luxury brand Mulberry MUL.L is among the few UK stocks out with results today, and shares are down 6.8% after it reported a 19% fall in revenue.
Germany's Evotec is also a loser today, down 7.2%.
Metal flow engineering company Vesuvius VSVS.L is the UK's top mover, up 6.8% after a trading statement and announcing a new share buyback programme.
(Lucy Raitano)
*****
FOR TUESDAY'S OTHER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: POSITIVE START IN STORE CLICK HERE
TRADERS FOCUS ON FED AS KEY TRUMP PICKS AWAITED CLICK HERE
Nvidia earnings moves https://reut.rs/4fvAOff
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
