STOXX 600 gets earnings, M&A boost
STOXX 600 up 0.6%
Tech leads gainers
Eyes on U.S. PCE
Nasdaq futures surge
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STOXX 600 GETS EARNINGS BOOST
European shares are shining and the STOXX 600 .STOXX is on track for its first positive week in four, as upbeat U.S. tech earnings lifted the mood.
Google-parent Alphabet and Microsoft both reported beats on the top and bottom line in Q1 on Thursday after-market, providing some relief after Facebook-parent Meta's results the day before sent shares tumbling.
The STOXX 600 is up 0.6% and on track for a 1.2% gain this week.
Germany's DAX .GDAXI, France's CAC 40 .FCHI and Britain's FTSE 100 .FTSE are up 0.3%-0.7%.
The tech .SX8P sector in Europe is feeling the benefit of the upbeat earnings from U.S. peers, leading the way higher with a 1.4% gain, while materials .SXPP shares hit a one-year high, even as Anglo American shares AAL.L slipped 1% after rejecting BHP's takeover offer.
In other corporate news, Thyssenkrupp shares are up 11% after announcing plans to sell 20% of its steel business, while London remains for sale, with cybersecurity company Darktrace DARK.L agreeing to be bought by Thoma Bravo for about $5.32 billion. Shares are up over 18%.
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(Samuel Indyk)
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FOR FRIDAY'S OTHER LIVE MARKETS POSTS:
US TECH SET TO GIVE EUROPE BOOST CLICK HERE
READING BOJ'S TEA LEAVESCLICK HERE
BOJ operations, yields and yen https://tmsnrt.rs/3Uz9OmY
European shares extend losses https://tmsnrt.rs/47tgPt5
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