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LIVE MARKETS-Ceasefire vibes boost banks and builders

ReutersMar 12, 2025 9:16 AM
  • STOXX 600 up 0.7%
  • Banks lead gainers
  • US inflation awaited
  • Wall St futures rise

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CEASEFIRE VIBES BOOST BANKS AND BUILDERS

European equities rose on Wednesday with ceasefire vibes cheering the mood after several days of declines on concerns over the impact of trade tensions on growth.

The STOXX 600 was up 0.8%, on course to snap four consecutive sessions of losses. The DAX in Frankfurt was up 1.3%, while in London, the FTSE 100 added 0.45%.

Banks .SX7P and builders .SXOP benefited the most from news the U.S. would restore support to Ukraine after Kyiv agreed to accept a U.S. ceasefire proposal. They both rose over 1%.

Rheinmetall RHMG.DE rose 4.7% on results day.

Here's your opening snapshot:

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPE RECOVERS, EYES ON INFLATION, EARNINGS CLICK HERE

UKRAINE TALKS LIFT EURO BUT TARIFF WORRIES LINGER CLICK HERE

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