LIVE MARKETS-Earnings lift STOXX, but miners sink
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EARNINGS LIFT STOXX, BUT MINERS SINK
Europe's STOXX 600 is adding 0.5% on Friday, buoyed by bank stocks while miners drag as metal prices tumble.
A basket of basic resources stocks .SXPP is off 3%, on track for its biggest daily drop since last April's tariff-induced sell-off, with some key names flashing red at the bottom of the index.
Sweden's Boliden, London-listed Endeavor Mining, Fresnillo and Hochschild are all down 4.3%-5.8%, while giants Anglo American, Glencore and Rio Tinto are sinking 2.5%.
Gold is down 6.5%, XAU= silver 12% XAG= and copper 3%. GOL/ MET/L
Nevertheless the overall stock market is in the green, with a few stocks doing the heavy lifting.
Topping the STOXX 600 is Electrolux ELUXb.ST with shares soaring over 20% after the Swedish home appliance maker posted quarterly numbers above forecasts.
Shares in French engineering and technology consulting company Alten LTEN.PA are up 12%, set for their best day in more than 14 years, after the group reported a smaller-than-feared organic decline in 2025.
Swatch is up 7.5% after results and Adidas is adding 5.2%.
Overall banks are the best off sector, with a basket up 1.4%. .SXPP
(Lucy Raitano)
EARLIER ON LIVE MARKETS:
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