LIVE MARKETS-STOXX ticks higher, chemicals and real estate provide lift

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STOXX TICKS HIGHER, CHEMICALS AND REAL ESTATE PROVIDE LIFT

Europe's STOXX 600 was up 0.6% on Friday, buoyed by chemicals and real estate names with all sectors trading up, though miners were worse off.

The index is heading for a healthy monthly and weekly gain, after a choppy week. The latest turn came on Thursday when a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs, just a day after a U.S. trade court ruled he had exceeded his authority in imposing the duties and ordered an immediate block on them.

The STOXX 600 is basically range-bound this week and back to where it was on Monday.

A basket of chemicals .SX4P names and a basket of real estate names .SX86P are both 1% higher, with the latter boosted by rising shares a host of Swedish real estate companies such as Wallenstam WALLb.ST, Sagax SAGAa.ST and Castellum CAST.ST which are up 3%-4%.

At the top of the index is British insurer and asset manager M&G .MNG.L up as much as 8% earlier to their highest level since June 2021 after news it has formed a partnership with Dai-ichi Life Holdings 8750.T in which the Japanese life insurer plans to buy a 15% stake.

On the flipside the biggest loser is French pharma company Sanofi .SASY.PA after its AERIFY-2 trial did not meet its primary endpoint.

(Lucy Raitano)

FOR FRIDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES FLAT BUT STOXX HEADS FOR MONTHLY GAIN CLICK HERE

COURTROOM TWISTS ADD TO TARIFF RISKS CLICK HERE