German stocks at all-time highs, Rolls-Royce rebounds
STOXX 600 up 0.1%
Aerospace and defence stocks recover
Wall Street futures flat
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GERMAN STOCKS AT ALL-TIME HIGHS, ROLLS-ROYCE REBOUNDS
The German DAX is at an all-time high, building on its recent run of gains after easing inflation fuelled hopes of an interest rate cut by the European Central Bank next month.
Focus however remains on the U.S. jobs reports this week that could set the tone for financial markets in the coming days.
The pan-European STOXX 600 .STOXX is eking out a 0.1% gain. France's CAC 40 .FCHI and Britain's FTSE 100 .FTSE are up 0.3% and 0.1% respectively.
Shares in Rolls-Royce RR.L are recovering from Monday's 6.5% slide after Hong Kong's Cathay Pacific Airways 0293.HK inspected its entire Airbus AIR.PA A350 fleet after the in-flight failure of an engine part. The stock is up more than 4%, and Airbus up 0.4%
Swiss Life shares SLHN.S are trading at multi-year highs after the insurer and asset manager reported half-year fee result above expectations.
Deustche Bank DBKGn.DE shares are edging higher after Barclays upgraded the lender's shares to "overweight," citing the potential for capital distribution plans.
Ashtead Group AHT.L shares are up 4.2% after the British equipment rental company forecast annual results to be in line with its prior expectations and reported a 7% rise in Q1 group rental revenue.
(Sruthi Shankar)
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FOR TUESDAY'S OTHER LIVE MARKETS POSTS
EUROPEAN STOCKS SET TO CREEP HIGHER CLICK HERE
ISM KICKS OFF THE DOLLAR'S BIG WEEK CLICK HERE
US dollar slumps to 13-month low as Fed signals rate cut https://reut.rs/3MmUIw9
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