LIVE MARKETS-STOXX 600 rises as investors evaluate DeepSeek impact

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STOXX 600 RISES AS INVESTORS EVALUATE DEEPSEEK IMPACT

European shares are trading higher on Tuesday as investors continue to evaluate the impact that low-cost AI model DeepSeek will have on the broader market.

Technology stocks .SX8P are steady after coming under fire on Monday. The STOXX Europe 600 tech index is up 0.1% after a 3.3% slide the day before.

AI-bellwether Nvidia NVDA.O opened higher by around 5% in pre-market after nearly $600 billion was wiped from its value on Monday.

And broader markets are relatively calm compared to the rout the day before, with the STOXX 600 up 0.4%. Britain's FTSE is up 0.4%, Germany's DAX is up 0.3% and France's CAC is up 0.1%.

Looking ahead, Europe's largest listed company LVMH LVMH.PA reports results after the close at a time when luxury brands have been showing tentative signs of recovery.

The Fed also begins its two-day policy meeting today, with a pause in the cutting cycle likely after three straight rate cuts at the end of 2024.

Here's your opening snapshot:

(Samuel Indyk)

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TUESDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES MOSTLY HIGHER AFTER DEEPSEEK WOBBLE CLICK HERE

US EXCEPTIONALISM HAS A FLIPSIDE CLICK HERE