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LIVE MARKETS-Moving on up

ReutersMay 8, 2025 8:08 AM
  • Stoxx 600 up 0.3%, S&P futures up 0.7%
  • Siemens energy at new record high after results
  • Bank of England rate decision due later, UK US trade deal announcement also expected

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MOVING ON UP

For all the focus on Britain and trade deals, it's actually Germany that's led the European charge in the first hour of trading, with the blue chip DAX .GDAXI up 0.66% versus a FTSE .FTSE that's flat.

Results are behind the outperformance and Siemens Energy ENR1n.DE is up 3.3%, having hit a new record high after its Q2 net profit trounced expectations.

It's not all gloom in Britain though, domestic focused midcaps are up 0.6% and at their highest since late Feb .FTMC partly a results story, partly a bit of trade deal optimism.

Not too much drama elsewhere, the STOXX 600 is up 0.3%.

(Alun John)

EUROPE BEFORE THE BELL: DEAL TIME CLICK HERE

MORNING BID: ARMED CONFLICTS RAGE, BUT HOPES EMERGE FOR A TRADE WAR THAW CLICK HERE

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