Miners and tech shine as markets await ECB
STOXX 600 up 1.2%
Traders bet on ECB rate cut
All sectors trade up
Miners, tech rise
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MINERS AND TECH SHINE AS MARKETS AWAIT ECB
The STOXX 600 .STOXX is up 1.3% on today, as the clock counts down to an ECB meeting that markets are betting will yield another rate cut.
Tech stocks are shining, up 2.6%, with French tech consulting firm Alten LTEN.PA in the lead, up 5.4%. Basic resources .SXPP are also doing well, rising 2.3%, as commodity prices bounce back.
In the UK, Trainline TRNT.L is the top mover after upbeat results, with shares up 10.9%.
Danish logistics company DSV DSV.CO is the STOXX's overall top mover, up 6.9% after it won the race to buy Schenker, the rail logistics arm of German state railway Deutsche Bahn, sources at the railway and at the German government said.
On the flipside, Roche ROG.S is the top faller, off 3.8%. Last night post-close, the company said its early-stage obesity pill results were based on just six patients.
It is contributing to healthcare stocks .SXDP being the weakest performing sector today, though the basket is still trading positively, up 0.3%.
(Lucy Raitano)
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FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS
EUROPE SET FOR OPENING BOUNCE AHEAD OF ECB CLICK HERE
TECH STOCKS CUE RALLY WHILE ECB LOOMS CLICK HERE
ECB all but certain to deliver second rate cut this cycle https://reut.rs/4dQfaS6
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