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LIVE MARKETS-STOXX subdued on mixed earnings

ReutersMay 7, 2025 8:36 AM
  • STOXX 600 down 0.3%
  • Retailers, health names lead losses
  • Autos provide lift
  • Traders await Fed decision

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STOXX SUBDUED ON MIXED EARNINGS

Europe's STOXX 600 .STOXX is down 0.3% on Wednesday with retailers and health care names leading the pack lower, while autos provide a lift.

A basket of retailers .SXKP is down 1.3%. Health names are off 1.2%, even as obesity drugmaker Novo Nordisk shares rally over 5%, after a Q1 profit beat even as it cut its 2025 outlook. In the UK, GSK GSK.L and Astrazeneca AZN.L are down a respective 4.4% and 2.2%.

Topping the index is Denmark's Jyske Bank JYSK.CO - up 6.4% after a profit beat, followed by French reinsurer SCOR, also up 6% after first-quarter net profit beat estimates.

On the flipside, Danish medical equipment maker Ambu's AMBUb.CO shares are off 13% after a Q2 miss. In the UK, Trainline shares fell almost 8% after results.

(Lucy Raitano)

FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: FUTURES MIXED AS TRADE TALKS, CENBANKS IN FOCUS CLICK HERE

US, CHINA MOVE TOWARDS TRADE TALKS, BUT A DEAL SEEMS DISTANT CLICK HERE

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