LIVE MARKETS-STOXX struggles for direction after wild Monday swings

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STOXX STRUGGLES FOR DIRECTION AFTER WILD MONDAY SWINGS

Conflicting signals from the war in the Middle East made for a choppy start to trading in European shares on Tuesday, with the STOXX 600 struggling for clear direction after the previous session’s wild swings.

Markets were still digesting comments from U.S. President Donald Trump that had briefly raised hopes of a quick de‑escalation with Iran, sparking a steep rebound on Monday from four‑month lows.

The pan-European index .STOXX was last little changed on the day, after earlier rising as much as 0.5%, and following steep losses in European futures during Asian trading hours. The overall picture across country benchmarks and sector baskets was mixed in early trade.

Energy stocks .SXEP led sectoral gainers, up around 1%, as crude prices resumed their climb after Monday’s sharp pullback. Banks .SX7P were the worst-performing sector, down 0.7%.

(Danilo Masoni)

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPEAN FUTURES VOLATILE, EYES ON PUIG, SAP DOWNGRADED CLICK HERE

LITTLE RELIEF FROM TRUMP CLICK HERE