tradingkey.logo

LIVE MARKETS-Europe before the bell: futures up as traders digest Trump comments

ReutersJan 22, 2025 7:50 AM

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EUROPE BEFORE THE BELL: FUTURES UP AS TRADERS DIGEST TRUMP COMMENTS

European stocks are heading for a positive start to Wednesday, as EuroSTOXX50 STXEc1 futures rise 0.2% and DAX futures FDXc1 add 0.6%, while FTSE futures FFIc1 lag, down 0.04%.

Stock markets are getting a boost after U.S. President Donald Trump announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, with tech names in particular likely to be winners. Shares in Oracle ORCL.N are already up around 9% in Frankfurt, while SoftBank, another partner in the venture, has seen its shares soar 15% in Japan.

Traders are also digesting Trump's latest vow to hit the European Union with tariffs, a day after he took office without immediately imposing any.

Netflix's Frankfurt-listed shares soared over 14% in early trade after the U.S. streaming giant flagged record new subscribers and said it will hike prices.

In European earnings, chocolate maker and cocoa processor Barry Callebaut BARN.S has reported a lower sales volume than expected for its first quarter. Cocoa prices more than doubled in the final three months of last year to hit record highs LCCcv1.

British pub group J D Wetherspoon JDW.L said its like-for-like sales rose 5% in the 25 weeks to Jan. 19, and airline Easyjet EZJ.L reported a smaller operating loss in its first quarter on easing fuel costs and strong passenger demand for travel and its holiday packages.

France's TotalEnergies TTEF.PA has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.

(Lucy Raitano)

*****

FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS

THEY DO KNOW STARGATE IS SCI-FI, RIGHT? CLICK HERE

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI