HALF-TIME IN EUROPE: A BIT BUMPY
We're just over half-way through the trading day for European markets, and it hasn't been the smoothest of rides so far. With little corporate news and the U.S. off, momentum is lacking a bit as we head into the second half of the day.
The cross-regional STOXX 600 TVC:SXXP started the day by hitting a fresh record high, then gave up all of its daily gains, and is now back up 0.26%. That puts it just below its highs, but across the week the index is still set to gain around 2.2%.
In terms of sectoral gainers and fallers across Europe, utilities (.SX6P) are up 1.6% and tech stocks (.SX8P) are 1.2% higher. Personal and household goods stocks (.SXQP) are down 1.2%, with luxury stocks (.STXLUXP) pulling back similarly.
The DAX - which also hit a fresh record high on Friday - is up 0.47%.
But not all European indices are making gains - the FTSE CURRENCYCOM:UK100 has dipped 0.21%, and the CAC (.CAC) is trading around the flatline.