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LIVE MARKETS-STOXX soft, banks weigh

ReutersFeb 24, 2026 9:05 AM
  • STOXX 600 down 0.3%
  • Banks lag
  • SMI outperforms, hits new record
  • US stock futures flat

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STOXX SOFT, BANKS WEIGH

European shares are a touch softer in early trade, weighed on by a decline in banking stocks.

European banks .SX7P are down about 1.8%, tracking moves seen in U.S. financials on Monday on worries that AI will disrupt and alter the business models of companies in the sector, from payments to insurance.

The pan-European STOXX 600 .STOXX is down about 0.3%, but breadth is still slightly positive with advancers outnumbering declining stocks by about 1.2 to 1.

Other major bourses are mostly lower, with the CAC .FCHI, FTSE .FTSE and DAX .GDAXI down between 0.3% and 0.4%. Switzerland's SMI outperforms, rising 0.1% to a new record.

Here's your opening snapshot:

(Samuel Indyk)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: EDGING HIGHER CLICK HERE

TRUMP FUMES AGAINST THE WORLD AS HIS TARIFFS COME UP SHORT CLICK HERE

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