LIVE MARKETS-STOXX rises as investors juggle earnings, Fed, tariff surprises

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STOXX RISES AS INVESTORS JUGGLE EARNINGS, FED, TARIFF SURPRISES

Europe's STOXX 600 .STOXX is trading higher on Thursday after a busy day of earnings, with traders also having to juggle rate decisions from the Fed and BoJ and a surprise tariff update from the White House.

The pan-continental benchmark is last up 0.3%, with aerospace and defence stocks .SXPARO and banks .SX7P leading the way higher.

A number of banks from across the region have reported results on Thursday. Leading the way higher are Spain's BBVA BBVA.MC and Sabadell SABE.MC and France's Soc Gen SOGN.PA, which are up between 4.2% and 6.8%.

The defence sector is supported by a 9% jump in Rolls-Royce RR.L shares after its results.

Basic resources .SXPP stocks are Thursday's laggards after U.S. President Trump watered down his copper tariffs, sending the price of COMEX copper plunging by over 20%. Antofagasta ANTO.L, which specialises in copper ore mining, is down over 5%.

Despite a number of agreements in recent days, Trump's deadline for the U.S. to reach tariff agreements with its trading partners expires on Friday.

Meanwhile, the Fed kept interest rates unchanged despite pressure from Trump to lower borrowing costs, while the BoJ also kept rates on hold, but turned less gloomy on the economy.

Wall Street futures EScv1, NQcv1 are surging after Meta Platforms and Microsoft both posted stellar results after hours on Wednesday.

Here's your opening snapshot:

(Samuel Indyk)

EARLIER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES HIGHER ON HEAVY EARNINGS DAY CLICK HERE

DANGERS ABOUND AHEAD OF DEADLINE DAY CLICK HERE