LIVE MARKETS-STOXX flat, energy hits over 1-year high
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STOXX FLAT, ENERGY HITS OVER 1 YEAR HIGH
European shares opened little changed on Wednesday, with the STOXX 600 .STOXX hovering just below flat, as traders awaited the Fed's policy decision and earnings from U.S. megacaps, while the August 1 tariff pause deadline loomed.
A flood of earnings from top European companies failed to move the needle across sectors and broader indices.
Frankfurt's DAX .GDAXI slipped less than 0.1%, while London's FTSE 100 .FTSE edged 0.3% lower. Energy .SXEP led gainers, up as much as 0.7% to its highest level in over a year, as oil prices surged on Tuesday amid renewed U.S. pressure on Russia over its war in Ukraine. Energy-intensive chemicals .SX4P and autos .SXAP fell.
Adidas ADSGn.DE felt the pain of higher tariffs, with its shares down 7%, while Novo Nordisk NOVOb.CO fell further, adding to Tuesday's 23% slump.
In the Nordics, trading was normal after a technical glitch on Tuesday prompted order cancellations.
(Danilo Masoni)
EARLIER ON LIVE MARKETS:
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