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LIVE MARKETS-Financials prop up the STOXX, FTSE lags

ReutersApr 29, 2025 8:11 AM
  • STOXX 600 up 0.3%
  • Banks earnings welcomed
  • Trump to reduce auto tariffs impact
  • S&P 500 futures up 0.2%

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FINANCIALS PROP UP THE STOXX, FTSE LAGS

European shares got off to a slightly positive start on Tuesday, with financials providing the biggest uplift on a heavy day for bank earnings - Deutsche Bank DBKGn.DE, HSBC HSBA.L and BBVA BBVA.MC all surged after topping market expectations.

The region wide STOXX 600 .STOXX was last up 0.3%, also supported by gains across industrials and tech, while healthcare and energy were top drags, with London-listed heavyweights AstraZeneca AZN.L and BP BP.L both under pressure.

The British drugmaker was burdened by news it could face a 8 million fine in China over suspected unpaid import taxes, while a profit miss penalised BP.

As a result, the UK's blue chip FTSE 100 .FTSE index lagged the broader European stock market. It was last unchanged.

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: ALL ABOUT EARNINGS CLICK HERE

ONLY 1,362 DAYS OF TRUMP 2.0 TO GO CLICK HERE

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