ReutersReuters

European equities struggling for direction

Puntos clave:
  • STOXX 600 down 0.1%
  • Energy leads, Autos lag
  • Wall St futures higher

EUROPEAN EQUITIES STRUGGLING FOR DIRECTION

Major European equity markets are mixed on Thursday as investors await new catalysts to drive price action at the start of the year.

The pan-continental STOXX 600 index SXXP is down less than 0.1%, having closed out 2024 with a 6% rise.

Other major bourses are hovering either side of the unchanged mark with notable underperformance seen in France where the CAC 40 PX1 is shedding 0.5%.

On a sector basis, oil & gas stocks (.SXEP) are leading as crude futures trade slightly higher and as Russian gas firm Gazprom halted gas exports via pipelines running through Ukraine after Ukraine refused to renew a transit agreement.

Europe's top gainers include oil & gas producer Equinor EQNR and Frontline FRO, which focuses on seaborne transportation of crude oil and refined products.

Autos (.SXAP) and luxury (.STXLUXP) sectors are laggards.

Here's your opening snapshot:

Bar chart showing the daily percentage change for all of Europe's major stock indexes.
Thomson ReutersEuropean shares start new year mixed

(Samuel Indyk)

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