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LIVE MARKETS-STOXX set for biggest weekly gain in over four months

By Reuters News

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.

STOXX SET FOR BIGGEST WEEKLY GAIN IN OVER FOUR MONTHS

Europe's STOXX 600 .STOXX is steady so far on Friday, nudging 0.1% lower.

Across the week however, it is set for a roughly 2.4% rise, which would be its biggest weekly climb since the week starting June 29th. The gains also carried the index to a fresh all time high on Thursday.

Oil and gas .SXEP stocks led sectoral gains, up 1%, while aerospace and defence .SXPARO fell 1.2% and luxury names .STXLUXP were down 1.5%.

Shares of Cartier-owner Richemont CFR.S fell around 6%, leaving it among the biggest decliners of the day, after the company reported sharper-than-expected growth slowdown in its key Jewellery Maisons division, despite group sales beating consensus.

Besides the STOXX, other major regional indices were also relatively steady to end the week. The CAC .FCHI hovered not far from the flatline, the DAX .GDAXI dipped 0.1%, and the FTSE .FTSE added 0.2%.

(Sophie Kiderlin)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: CONSOLIDATION AFTER A STRONG WEEK CLICK HERE

MORNING BID: SCANDAL TOPPLES THE AI STAR CLICK HERE

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