LIVE MARKETS-Insurers and luxury
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INSURERS AND LUXURY
It's been a pretty quiet first hour of trading with the STOXX 600 and most national benchmarks trading pretty near flat.
But there are a couple of sector stories in the mix that are enough to keep things busy until U.S. payrolls later.
Insurers, particularly those with large exposure to the wildfires menacing Los Angeles, are down with Beazley, Lancashire and Hiscox all down around 3%, the three biggest fallers across UK-listed large and midcaps. .FTLC
Then a report from an Italian financial daily that Italy's Prada is looking at Versace, could be helping luxury names in case it sparks a new wave of deal making. The European luxury index is up 0.6% the biggest sectoral gainer today.
Eyes are also on Ubisoft UBIP.PA - nothing new there - down 7% at the bottom of the STOXX, aafter the video game maker postponed "Assassin's Creed Shadows" premiere again and cut its Q3 and FY net bookings outlook.
(Alun John)
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EARLIER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL EQUITY INVESTORS WATCH BONDS CLICK HERE
MORNING BID: LOOMING PAYROLLS KEEP BOND BEARS HUNGRY CLICK HERE
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