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A WEEK IS A LONG TIME IN MARKETS
Friday last week saw the biggest one-day drop for Europe's STOXX 600 .STOXX since Trump's tariff turmoil in early April, as weak U.S. jobs data and bad revisions suggest the labour market was starting to buckle.
Fast forward a week and the index is heading for a more than 2% weekly rise, its biggest jump in 12 weeks, as traders added to bets that the Fed will cut rates as soon as next month.
On the day, the pan-continental benchmark is up 0.1%, while major bourses are rising slightly, although Germany's DAX .GDAXI lags.
Gains are relatively broad, with miners .SXPP and healthcare .SXDP leading.
The insurance sector .SXIP is the notable outlier, down 1.8%, as Munich Re MUVGn.DE shares fall 8% after the German reinsurer cut its 2025 insurance revenue forecast.
Here's your opening snapshot:
(Samuel Indyk)
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EARLIER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: FUTURES EDGE UP TO ROUND OFF STRONG WEEK CLICK HERE
TRUMP MOVES TO EXTEND GRIP ON FED CLICK HERE