LIVE MARKETS-Miners lift STOXX into positive territory; defence names cap gains

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MINERS LIFT STOXX INTO POSITIVE TERRITORY, DEFENCE NAMES CAP GAINS

Europe's STOXX 600 .STOXX is up 0.3%, helped by rising mining stocks while aerospace and defence names are lagging.

Market attention is on developments in global politics, after U.S. President Donald Trump told President Volodymyr Zelenskiy on Monday that the U.S would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any assistance was not immediately clear.

Shares in Ukraine-focused miner Ferrexpo FXPO.L rose 8.2%. Meanwhile defence stocks .SXPARO fell 1.9% and were the worst-performing sector overall in Europe, with profit-taking after a rally this year said to be behind the moves.

Germany's Rheinmetall RHMG.DE, Hensoldt HAGG.DE and Renk R3NK.DE were down 3.7%-6.5%.

Italy's aerospace and defence group Leonardo LDOF.MI is down 5.6% falling to the bottom of the STOXX 600.

Meanwhile miners were the best off sector basket .SXPP - rising 1.2%.

The biggest faller overall in the UK is International Workplace Group IWG.L which is on track for its biggest daily drop since March 2020 after posting results that flagged a weak full-year outlook. Shares are down 17%.

At the top of the index is the UK's JD Sports JD.L, up 5.2%. Deutsche Bank raised the stock's target price to 100p from 85p.

(Lucy Raitano)

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FOR TUESDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: STOCKS HEAD FOR SMALL LIFT CLICK HERE

SUITS AND SMILES DEFINE NEW UKRAINE TALKS CLICK HERE