LIVE MARKETS-Europe before the bell: Bounce ahead after torrid week

Reuters03-06 15:46
LIVE MARKETS-Europe before the bell: Bounce ahead after torrid week

Adds blog post

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

EUROPE BEFORE THE BELL: FUTURES RISE

European futures are rising ahead of Friday's open, as oil prices pulled back after this week's surge, but the mini bounce will barely dent the STOXX 600's 4.6% drop so far this week.

The conflict in the Middle East is in its seventh day and continues to widen. U.S. President Donald Trump encouraged Iranian Kurdish forces in Iraq to launch attacks against Iran, while Azerbaijan warned it would retaliate for being targeted by Iranian missiles.

Euro STOXX 50 futures STXEc1 are up 0.9% as are DAX futures FDXc1 while FTSE FFIc1 are up 0.5%.

Oil prices fell 0.7% but remain 17% higher on the week.

Shipping group Maersk MAERSKb.CO said on Friday it will temporarily suspend its FM1 service that connects the Far East to the Middle East, and its ME11 service, which links the Middle East to Europe, .

In company news, Lufthansa LHAG.DE has reported better-than-expected 2025 results, while oil major Shell SHEL.L inked several oil agreements with the Venezuelan government on Thursday.

(Lucy Raitano)

*****

FOR FRIDAY'S OTHER LIVE MARKETS POSTS:

MIDDLE EAST TUMULT LEAVES MARKETS IN DISARRAY CLICK HERE

Iran conflict embeddable graphics: Attacks and counterattacks https://reut.rs/4bfzoG2

Middle East conflict rattles world stocks https://reut.rs/3OPeZiA

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment