LIVE MARKETS-Chip bounce fizzles out in Europe, energy up, Airbus flies

Alphabet Inc. Class A
AAR CORP.
ASML Holding NV ADR

Alphabet Inc. Class A

GOOGL

0.00

AAR CORP.

AIR

0.00

ASML Holding NV ADR

ASML

0.00

Adds new blog entry

STOXX 600 broadly unchanged

Brent nears $95

Alphabet earnings to test AI rally

Airbus boosted by €5 bln buyback

Nasdaq futures down 0.4%

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

CHIP BOUNCE FIZZLES OUT IN EUROPE, ENERGY UP, AIRBUS FLIES

A bounce in U.S. chip stocks that lifted Asian peers lost steam in Europe as investors looked ahead to Alphabet earnings after the U.S. close on Wednesday, a key test of the AI rally.

ASML ASML.AS, Europe's most valuable company, fell 2%.

Easing UK inflation offered little cheer as escalating Middle East tensions pushed Brent crude towards $95, though gains in energy .SXEP helped limit losses and nudged London's commodity-heavy FTSE .FTSE into positive territory.

The pan-European STOXX 600 .STOXX was broadly unchanged, with a €5 billion share buyback lifting Airbus nearly 7%, setting shares in the heavyweight planemaker for their biggest daily gain in three months.

A number of other well-received earnings also provided support.

(Danilo Masoni)

*****

EARLIER ON LIVE MARKETS:

BEFORE THE BELL: AI RALLY FACES ALPHABET TEST AS OIL CLIMBS CLICK HERE

THE NEW AD FOR CHIPS? AN AI MODEL BREAKING BAD CLICK HERE


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.