Defence stocks charge broad STOXX rise
STOXX 600 up over 1%
All sectors in the black
Defence stocks lead
Wall St futures rise
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
DEFENCE STOCKS CHARGE BROAD STOXX RISE
European shares have got off to a strong start on Monday, with gains in over 90% of STOXX 600 shares and all sectors pushing the region-wide index .STOXX up over 1% in early morning.
Defence companies led the charge, as traders kept piling into the sector on bets the region will increase security spending following the election of Donald Trump as U.S. President.
A gauge of aerospace and defence stocks .SXPARO rose more than 2% to fresh record highs, with Italy's Leonardo LDOF.MI and Sweden's SAAB SAABb.ST both gaining around 4%.
Also in demand were utilities .SX6P with renewables stocks EDPR EDPR.LS and Orsted ORSTED.CO rising 2% each, following last week's selloff on concerns of unfavourable policy under a Trump administration. Builders .SXOP gained over 2%.
Among country benchmarks, Germany's DAX .GDAXI rose 1.1%, despite political uncertainty following last week's collapse of Chancellor Olaf Scholz's governing coalition. On Sunday, Scholz signalled willingness for a confidence vote before Christmas.
In London, the FTSE 100 .FTSE rose 0.8%.
Polish markets .WIG20 were shut for holiday.
Here is your opening snapshot:
*****
EARLIER ON LIVE MARKETS:
EUROPE BEFORE THE BELL: FUTURES UP, CONTINENTAL BEATS CLICK HERE
MARKETS FEEL FAMILIAR FRUSTRATION WITH BEIJING CLICK HERE
eu open https://tmsnrt.rs/40FnCzQ
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.
