Switzerland and Sweden
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SWITZERLAND AND SWEDEN
Stock markets have seen a steady if unspectacular first hour or so of trading with the STOXX 600 .STOXX up around 0.2% to a one-month high and set for a weekly gain of 0.8%.
There are still signs of some rotation going on, as investors shift out of tech stocks and into more cyclical names, a shift that was given a boost by Thursday's U.S. inflation data.
The STOXX tech index, for example is down 0.22% .SX8P and the other side of that can be seen in national benchmarks, with the healthcare and consumer-heavy Swiss market index .SSMI hitting its highest since April 2022.
The top end of the STOXX 600 has a decidedly Scandinavian flavour - Ericsson ERICb.ST is up 8.3% after its results, the third biggest gainer on the benchmark, only beaten by two other also Stockholm-listed names, tech solutions firm Addtech ADDTb.ST and investment firm Lifco. LICCOb.ST
Amsterdam-listed Prosus PRX.AS is the seventh biggest gainer of the day, but the biggest that isn't listed in either Stockholm or Oslo.
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
ROTATION TIME CLICK HERE
MORNING BID: TOKYO'S ART OF INTERVENTION CLICK HERE
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