LIVE MARKETS-Before the bell: A good day for a record high?
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BEFORE THE BELL: A GOOD DAY FOR A RECORD HIGH?
Europe's STOXX 600 .STOXX came very close to hitting a fresh all-time high on Tuesday, until the slightly hotter-than-expected US CPI print put a dampener on that. Bond yields climbed and stocks pulled back around the world after the data which stoked bets for a larger, 50 basis point rate hike from the Federal Reserve in December.
But its a new day, and its looking like European shares might shoot for the new record again today, with earnings still pouring in and oil prices steady on the day so far.
Euro STOXX 50 futures are up 0.6%, DAX futures rose 0.7%, CAC futures added 0.5% and FTSE futures are 0.4% higher.
CoreWeave results overnight smoothed some wobbles in sentiment, and while it is, of course part of the AI trade that often has less impact on European shares, we have recently seen that spillover increase. Shares were up over 16% on Tradegate after the company reported a jump in third quarter revenue and said it would be profitable in the first half of 2028.
Back in Europe, Siemens Energy ENR1n.DE said it plans to more than triple its dividend and expects higher profit margins in 2027 as the expansion of data centres in the United States continues to fuel demand for its gas turbines and grid equipment. And Dutch lender ABN Amro ABNd.AS raised its annual commercial net interest income guidance after third-quarter profit beat market expectations.
(Sophie Kiderlin)
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