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LIVE MARKETS-STOXX 600 up as miners lend support, autos drag

ReutersJun 4, 2025 8:47 AM
  • STOXX 600 up 0.3%
  • Basic resources stocks rise
  • Trade tensions bubble
  • Higher U.S. metals tariffs kick in

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STOXX 600 UP AS MINERS LEND SUPPORT, AUTOS DRAG

Europe's STOXX 600 .STOXX is adding 0.5% on Wednesday, supported by a rise in mining and aerospace and defence stocks while autos cap further gains.

Germany's DAX index .GDAXI is a sliver away from last week's record highs.

French spirits group Remy Cointreau RCOP.PA had a rollercoaster morning, initially dropping as much as 3% after the company withdrew its mid-term goals and posted lower annual profits only to then reverse course as the company's CEO delivered comments. Shares were last up 4%.

The best of sector is basic resources up 1.4% with Antofagasta and Glencore among the top risers.

Thyssenkrupp TKAG.DE is also doing well, up 4.9%. Shares in its former hydrogen equipment supplier subsidiary thyssenkrupp nucera NCH2.DE are up 11.9% after it signed a green hydrogen project feed study.

Tariff-sensitive autos are underperforming the broader market .SXAP down 0.4%, dragged lower by the likes of France's Renault RENA.PA, off 1%, and Ferrari, down 0.8%. RACE.MI

B&M BMEB.L shares are languishing at the bottom of the index, down 6.3% after the UK discount retailer's annual sales missed expectations.

WH Smith SMWH.L is also in focus after keeping its full year expectations steady, and reporting travel revenue growth. Shares were up as much as 3.6%.

The best of UK stock is discoverIE Group .DSCV.L rising over 13% after a rise in FY profit.

(Lucy Raitano)

FOR WEDNESDAY'S OTHER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: MOOD BUOYANT EVEN AS TRADE TENSIONS BUBBLE CLICK HERE

NO 'BEST OFFERS' YET AS TARIFF DEADLINE LOOMS CLICK HERE

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