LIVE MARKETS-STOXX 600 heads for weekly rise

Reuters12-05 16:59
LIVE MARKETS-STOXX 600 heads for weekly rise

Adds new blog entry

STOXX 600 up 0.3%

Miners lead, energy lags

Japan's Nikkei drops on BOJ hike expectations

Wall St futures higher

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STOXX 600 HEADS FOR WEEKLY RISE

Europe's STOXX 600 index is up 0.3% on Friday, taking its weekly gain to about 0.7% on growing expectations that the Fed will lower borrowing costs next week.

Breadth is positive with advancing stocks outnumbering declining by almost 2 to 1.

Embattled food delivery and technology group Ocado OCDO.L is the top gainer, rising 10% after Kroger KR.N agreed to pay $350 million for closing three robotic warehouses. Shares are still down 33% year-to-date and 93% from their record high from 2020.

Swiss Re SRENH.S is the biggest faller after the company's profit target for 2026 fell short of market expectations.

Here's your opening snapshot:

(Samuel Indyk)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: FUTURES IN THE GREEN CLICK HERE

FIRMING FED CUT BETS BUOY STOCKS, UNDERCUT DOLLAR CLICK HERE

Where experts think the Fed is headed https://www.reuters.com/graphics/AUTOMATED-20251205/BENCHMARK-FED-RATE-ECONOMIST-POLL-OUTLOOK/lgpdqjwzwvo/chart.png

European shares rise, Wall Street futures higher https://www.reuters.com/graphics/GLOBAL-STOCKS/jnpwkjwrepw/chart.png

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