LIVE MARKETS-Chips and miners help STOXX offset software gloom

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

CHIPS AND MINERS HELP STOXX OFFSET SOFTWARE GLOOM

European shares rose on Thursday, as traders piled fresh bets into chips, electrical equipment makers and miners on growing optimism over their profit outlooks, offsetting weakness in the beaten-down software space following disappointing results from DAX .GDAXI heavyweight SAP SAPG.DE.

The region-wide STOXX 600 .STOXX index gained 0.4%, with the Basic Resources .SXPP sector leading the way, up more than 3% to its highest since May 2008, as metal prices surged to fresh peaks, buoying London-listed miners.

Technology .SX8P traded at two speeds: semiconductor shares rose after an earnings beat from STMicro STMPA.PA and strength in ASML ASML.AS, while SAP tumbled 13%, dragging other software firms seen as exposed to AI disruption risks lower.

Healthcare .SXDP, which typically suffers when the euro strengthens, gave back some of its recent surge. Banks .SX7P inched 0.1% higher following earning from a number of lenders.

Frankfurt's DAX .GDAXI was down over 1% and London's FTSE .FTSE added 0.5%.

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EARNINGS RAMP UP, SAP DRAG FOR THE DAX CLICK HERE

BUILDING AI SURE DOES COST A LOT, HOPE IT'S WORTH IT CLICK HERE