LIVE MARKETS-STOXX 600 dragged lower as wealth advisors sink, earnings mixed bag

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STOXX 600 DRAGGED LOWER AS WEALTH ADVISORS SINK, EARNINGS MIXED BAG

Europe's STOXX 600 .STOXX is down 0.3% on Wednesday, with tech stocks and financial services names dragging things lower while basic resources are the best off sector. Meanwhile a lot is happening under the surface.

London-listed asset manager and wealth advisor stocks St James Place, AJ Bell and Quilter are down 10.7%, 5.4% and 4.6% respectively. The drops follow a sell-off in U.S. brokerages on Tuesday, following the release of AI-enabled tax planning features by wealth management startup Altruist which spurred AI disruption fears.

Shares in LSEG meanwhile are up 2.7%. Activist investor Elliott has built a stake in the company, a person familiar with the matter told Reuters on Wednesday.

At the bottom of the STOXX is French software maker Dassault Systemes DAST.PA, plunging over 18% after results disappointed. They are on track for their biggest daily drop on record.

Meanwhile, Siemens Energy profit is soaring on AI-driven power demand, shares have hit a record and are up 4.7%.

A raft of earnings are also pulling some single stocks in different directions. Dutch supermarket group Ahold Delhaize shares are up 9.3% after reporting fourth-quarter underlying operating income above expectations.

Commerzbank shares are down over 6% after in-line 2026 guidance failed to impress.

German medical equipment maker Gerresheimer shares shed over a third after it postponed results and warned of an accounting probe.

(Lucy Raitano)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPEAN FUTURES MIXED, LSEG EYED, LOTS OF EARNINGS CLICK HERE

YEN ROARS BACK AS US CONSUMER ENGINE SPUTTERS CLICK HERE