[MARKET ANALYSIS] European bourses are trading firmer, amid light newsflow
Newsquawk Staff ·
- European bourses have started the new year on a strong footing, with gains across all major indices in relatively light newsflow. The morning's final PMIs from the EZ have had little impact on price action, UK figure is due shortly.
- European sectors have also opened firmer, led by Basic Resources (+1.7%), Technology (+1.8%), and Energy (+1.7%). Basic Resources is supported by higher metal prices, with gains in gold and copper. Technology is benefiting from positive pre-market performance in the Nasdaq, while Energy is firmer despite pressure in the crude complex but as European gas benchmarks are bid, but off highs. On the downside, Food Beverage & Tobacco (-0.3%), Real Estate (-0.3%) and Construction (-0.1%) lag.
- Movers include Casino (+15.5%), with the Co. gaining after announcing the disposal of the BAO Cash & Carry business, in Cameroon. Evotec (+2.7%) is another winner after Co. appoints Dr. Sarah Fakih as Executive Vice President, Head of Global Communications and Investor Relations.
- US equity futures are firmer in the pre-market with upside in all major indices, with the NQ (+0.9%), the key outperformer.
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- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
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