LIVE MARKETS-Luxury struggles on L'Oreal results

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.

LUXURY STRUGGLES ON L'OREAL RESULTS

By recent standards it's been a fairly quiet first hour of trading, not quiet at all by the standards of a few years ago, but quiet for 2026.

The biggest major mover is L'OrealOREP.PA whose shares are down 6% after its results showed a lack of demand in North Asia, the world's second-biggest beauty market.

That's weighing on luxury stocks, and has sent France's CAC40 down 0.3%, FCEc1 but with gains elsewhere, the broad STOXX 600 is flat. .STOXX

The hardy perennial that is defence is up again .SXPARO barring some weakness in Sweden's Saab SAABb.ST and tech stocks .SX8P are also seeing a little bounce, up 1.4% - but as they fell to a near two-month low on Thursday and are down 5% month-to-date, that won't bring much joy to anyone who's been in them for a while.

Also of note, Delivery Hero DHER.DE fell around 9% after its Middle East unit Talabat's TALABAT.DU mixed results print.

(Alun John)

EARLIER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: NOT ANOTHER AI-INDUCED SELLOFF CLICK HERE
MORNING BID: NO LONGER THE APPLE OF THEIR EYE CLICK HERE