LIVE MARKETS-Another STOXX record (are you bored of them yet?)

Reuters
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LIVE MARKETS-Another STOXX record (are you bored of them yet?)

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ANOTHER STOXX RECORD (ARE YOU BORED OF THEM YET?)

The STOXX 600 is back at a record high, surpassing the peak hit as long ago as Friday, with banks and miners once again in the driving seat.

A 5% gain in HSBC shares, HSBA.L after posting strong results, helped send the broader sector .SX7P up 1.5% albeit after a 1.2% drop the day before.

Other sectors well into the green are miners .SXPP up 1.8%, energy stocks .SXEP up 1.1% with oil and metals prices on the rise.

Not surprising given all that, Britain's FTSE which has HSBC, mining and energy stocks, is outperforming peers, up 0.9%. .FTSE

Tech stocks .SX8P are also doing well up 0.9% helped by some beaten down software names after U.S.-based AI startup Anthropic partnered with several companies and launched new AI plug-ins.

The message is traditional businesses are adapting to AI advances rather than facing immediate disruption, though it remains to be seen how long that will hold.

It might not even make it past Nvidia results this evening.

(Alun John)

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EUROPE BEFORE THE BELL: PLENTY OF EARNINGS AND THEN THE BIG ONE CLICK HERE

MORNING BID: ASIA TECH BLOWS ITS OWN AI BUBBLE CLICK HERE

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