STOXX on the up as tech surge continues
STOXX 600 up 0.8%
Traders await ECB policy meeting
Tech names continue ascent, up 2%
Utilities worst off
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STOXX ON THE UP AS TECH SURGE CONTINUES
The STOXX 600 .STOXX is rising 0.8%, ahead of a key ECB meeting likely to see a long-awaited rate cut.
Tech stocks .SX8P are continuing their ascent, up 2% today and heading for a 6.5% weekly gain. They are around their highest level since 2000, thanks to gains in ASML ASML.AS and SAP SAPG.DE.
Meanwhile, utilities .SX6P are down 0.4%, making this the worst performing sector.
Swedish radiation therapy equipment make Elekta EKTAb.ST is down 18%, extending Wednesday's decline after a Q4 EBIT miss; some brokers have cut their target price this morning.
The top mover of the FTSE 100 .FTSE is Wood Group WG.L, with shares up 9.9% after the bank said its board would discuss a sweetened takeover proposal from Sidara, a Dubai-based engineering and consulting firm.
Shares in Nemetschek NEKG.DE are up 5.9% after the company agreed to buy all shares in U.S. software provider GoCanvas.
(Lucy Raitano)
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THURSDAY'S OTHER LIVE MARKETS POSTS
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