Jan 14, 202516:04GMT+7
Key points:
- STOXX 600 up 0.6%
- Autos, tech lead gainers
- Energy lags
- Wall ST futures higher
(Reuters) - Most major European equity markets are trading higher on Tuesday after Bloomberg reported the Trump administration was looking to implement gradual tariff hikes, rather than sudden ones, after starting at a low level.
"The breaking of the story saw risk sentiment improve late yesterday," say strategists at Saxo Bank.
The pan-European STOXX 600 indexis up 0.6%, recovering from Monday's 0.6% fall.
France's CAC 40is outperforming, up 1%, before a speech from PM Bayrou in parliament that is expected to outline possible concessions on pension reforms to gain support from the left to pass a budget.
Britain's FTSE 100 is lagging, little changed on the day, weighed on by BPwhose shares have fallen after it flagged a weaker Q4 on a drop in production and refining margins.
The energy sector is Europe's weakest, down 0.7%, following Monday's 1% gain on the back of a surge in crude prices.
British retailers are also in focus after updates from Ocado and JD Sports.
The latter's shares are down 10% after a profit warning. Ocado shares are up 11.5% after Ocado Retail, a 50-50 joint venture with M&S, reported faster sales growth.
Sumber : Reuters