Luxury and miners lift Europe
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
LUXURY AND MINERS LIFT EUROPE
The STOXX 600 .STOXX is up 0.3%, set to close the week with a modest gain of 0.6%.
China-exposed markets segments are doing well, even after data showed China's economy grew at the slowest pace since early 2023 in the third quarter. Markets are also digesting U.S. retail sales data released on Thursday as well as the latest ECB rate cut.
Luxury names are getting a boost, with the basket .STXLUXP rising about 1.7% as Burberry BRBY.L and Moncler .MONC.MI appear near the top of the index adding over 3.4% a piece.
Miners .SXPP are also providing a lift, up 1.9% led by likes of Antofagasta ANTO.L and Anglo American AAL.L. both up 2.3%-2.5%.
The best performing sector is tech .SX8P, up 2.1% thanks to Europe's overall top riser- Switzerland's Comet Holding COTNE.S, which is up 6.4% after Q3 results.
Finland-based telecoms company Elisa is at the bottom of the index after quarterly earnings, falling 6%.
In the UK, British publishing firm Future FUTR.L is the biggest laggard, off 11.9% after its CEO resigned.
(Lucy Raitano)
*****
FOR FRIDAY'S OTHER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: A CALMER END TO THE WEEK CLICK HERE
LOTS OF CHINA NEWS, LITTLE CLARITY CLICK HERE
China GDP growth slows in Q3 https://reut.rs/4dR2BoP
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.
