LIVE MARKETS-European futures tick higher

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

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)
*****

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

LIVE MARKETS-European futures tick higher

By Reuters

Reuters

Reuters

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

CPI, ECB rate decision could be the catalyst gold needs, with $2,708 the key resistance – StoneX’s Razaqzada