Live Markets: European shares mixed, energy lags

Erste Bank AG

05/05/2025 09:04

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EUROPEAN SHARES MIXED, ENERGY LAGS

Major European equity markets are mixed on Monday, with energy shares underperforming due to a decline in oil prices.

Europe's STOXX 600 .STOXX is little changed on the day, having risen above its April 2 close on Friday for the first time since Trump introduced tariffs on that day. Germany's DAX .GDAXI is up 0.3% while France's CAC 40 .FCHI is down 0.4%. British equity markets are closed for holiday.

Energy stocks underperform as Brent and WTI crude oil futures trade lower after sources said the OPEC+ group of oil exporters will accelerate output hikes, potentially bringing 2.2 million barrels per day of oil back to the market.

The STOXX Europe 600 oil & gas index .SXEP is down about 1.1% in early trade.

In corporate news, shares in Austrian lender Erste Group ERST.VI are up over 5% after they agreed to buy a 49% stake in Santander's SAN.MC Polish unit and a 50% stake in its Polish asset management business. Santander shares are up 0.4%.

Here's your opening snapshot:

(Samuel Indyk)

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MONDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES NUDGING HIGHER CLICK HERE

TAIWAN DOLLAR LEAPS; BUFFETT TO STEP DOWN CLICK HERE

US Dollar Index https://reut.rs/4d7dJiK

Mixed start for Europe, Wall St futures lower https://reut.rs/4k16Ph0