off-the-wire

LIVE MARKETS-European futures tick higher

Kitco Media
By Reuters
Published:
Updated:
Reuters
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EUROPEAN FUTURES TICK HIGHER(0728 GMT) European futures are flashing green this morning, supported by receding jitters around bank stocks. Those on the STOXX 50 and DAX are up 0.4%-0.5%, while FTSE futures are lagging, up 0.1%. U.S. futures are up 0.6%.


Markets may be getting a small lift as fears of more banking turmoil fade, but they are also reflecting that recession fears are still lurking.


German consumer sentiment was seen nudging up in April as energy prices have relented somewhat from record highs, though a full recovery is not in sight anytime soon, showed a GfK institute survey on Wednesday. UBS's massive takeover of neighbour Credit Suisse remains at the forefront, with news this morning that UBS has rehired Sergio Ermotti as CEO.


Shares in German chipmaker Infineon jumped 4.6% in pre-market trade after it raised its outlook both for second quarter and the whole of 2023.


(Lucy Raitano)
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