LIVE MARKETS-STOXX rises, but trails Wall St's AI-driven rally

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

STOXX RISES, BUT TRAILS WALL ST'S AI-DRIVEN RALLY

European shares opened higher on Tuesday, lifted by continued AI optimism and broad sector gains, including autos .SXAP, which rebounded after Monday's selloff triggered by Porsche's profit margin cut.

The region-wide STOXX 600 .STOXX rose nearly 0.5%, though it remained within a recent trading range, widening its underperformance versus Wall Street where Nvidia and other popular tech stocks are driving the bulk of the gains.

The STOXX is up 9.5% year-to-date, compared with a nearly 14% rise for the S&P 500 .SPX.

There were notable movers in Europe: Kingfisher KGF.L surged 19% - its biggest jump since 1986 - after a forecast upgrade, while Kingspan KSP.I climbed over 11% on plans to float its data centre infrastructure unit.

Renewable energy players also gained after a favourable U.S. court ruling for Orsted ORSTED.CO cleared the way to resume work on its nearly completed Revolution Wind project off the Rhode Island coast. Healthcare .SXDP was weak spot, down 0.6%.

(Danilo Masoni)

*****

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: FUTURES UP, US COURT WIN FOR ORSTED CLICK HERE

NEW HIGHS IN ASIA, POWELL GETS TO SAY HIS PIECE CLICK HERE