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LIVE MARKETS-European equities struggling for direction

ReutersJan 2, 2025 9:01 AM

STOXX 600 down 0.1%

Energy leads, Autos lag

Wall St futures higher

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EUROPEAN EQUITIES STRUGGLING FOR DIRECTION

Major European equity markets are mixed on Thursday as investors await new catalysts to drive price action at the start of the year.

The pan-continental STOXX 600 index .STOXX is down less than 0.1%, having closed out 2024 with a 6% rise.

Other major bourses are hovering either side of the unchanged mark with notable underperformance seen in France where the CAC 40 .FCHI is shedding 0.5%.

On a sector basis, oil & gas stocks .SXEP are leading as crude futures trade slightly higher and as Russian gas firm Gazprom halted gas exports via pipelines running through Ukraine after Ukraine refused to renew a transit agreement.

Europe's top gainers include oil & gas producer Equinor EQNR.OL and Frontline FRO.OL, which focuses on seaborne transportation of crude oil and refined products.

Autos .SXAP and luxury .STXLUXP sectors are laggards.

Here's your opening snapshot:

(Samuel Indyk)

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THURSDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES SIGNAL POSITIVE START TO 2025 CLICK HERE

MARKETS USHER IN 2025 WITH TRUMP TREPIDATION CLICK HERE

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