LIVE MARKETS-New highs for DAX and FTSE, luxury up

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NEW HIGHS FOR DAX AND FTSE, LUXURY UP

European shares got of to a muted start on Tuesday as traders awaited to hear from Fed Chair Jerome Powell, who testifies later to Congress.

Moves in both directions were small, although minor gains were enough to nudge up Frankfurt's DAX .GDAXI and the FTSE 100 .FTSE in London to fresh lifetime highs.

The broader STOXX 600 .STOXX was broadly unchanged, with strength across financials and industrials offset by weakness in healthcare and materials.

UniCredit CRDI.MI was down 3.5%, even as the Italian bank beat profit forecasts.

Not helping was a report that Delfin could sell its 2.7% stake through a placement as soon as this week, following a strong run in the shares.

Better-than-feared Kering PRTP.PA numbers gave a nice boost to its stock, adding to a string of reassuring updates this season from the luxury space.

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPE STEADY AT PEAKS, UNICREDIT BEATS CLICK HERE

OF TRADE WARS AND (EV) PRICE WARS CLICK HERE