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EYES ON PEACE TALKS
European shares have had their promised small opening bounce in early trading, so now traders can get on with agonising about everything to come this week.
The STOXX 600 is up 0.5% .STOXX with most national indexes and industry sectors in positive territory, and volatility .V2TX down meaningfully at 22.49 compared to Friday's top of 27.4.
Talks around ending the Russia-Ukraine war have been a meaningful factor, with defence stocks down again .SXPARO while stocks that would beneficiaries of an end to the war are on the up - Austria's Raiffeisen RBIV.VI and airlines like Wizz Air WIZZ.L are examples.
Top of the STOXX 600 however is Bayer BAYGn.DE, which is up 11% and heading for its biggest one-day rally since 2009 after initial clinical trial results turned around the fortunes of a key cardiovascular drug that suffered a major development setback two years ago.
(Alun John)
EARLIER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: CATCH UP AND THEN WHAT? CLICK HERE
MORNING BID: HOLIDAY WEEK COULD BE PRIME TIME FOR YEN INTERVENTION CLICK HERE