LIVE MARKETS-The European sectors with the biggest Middle East exposure

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

THE EUROPEAN SECTORS WITH THE BIGGEST MIDDLE EAST EXPOSURE

According to Citi equity strategists, around 3% of MSCI Europe's .MIEU00000PEU revenues are generated from the Middle East, in line with the U.S. and slightly more than Asian peers.

Within the European market, aerospace & defense has the largest share of total sales from the Middle East, with just under 7%, Citi equity strategist David Groman says.

Luxury goods and chemicals both also generate over 6% of total sales in the Middle East, the next highest sectors.

Real estate, utilities, metals & mining, and IT are the least exposed, generating less than 1% of their revenue in the region.

Reprinted with permission of Citi Research. Not to be reproduced.

(Samuel Indyk)

EARLIER ON LIVE MARKETS:

THE CASE FOR SHORT-LIVED TURMOIL CLICK HERE

EUROPEAN STOCKS BATTERED AS SPECTRE OF INFLATION RETURNS CLICK HERE

EUROPE BEFORE THE BELL: FUTURES SLIDE FURTHER CLICK HERE

TRUMP'S 'WHATEVER IT TAKES' VOW DEEPENS STOCK SELLOFF, LIFTS OIL CLICK HERE