* European stock up 0.5%
* Autos led gains up 1.6%, miners up 1.1%
* Vodafone shares up 2% after results
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EUROPE LED BY AUTOS, TELCOS AND MINERS (0748 GMT)
European stocks are in the black as a bounceback after the
‘Delta-dip’ seen on Monday continues, with the Stoxx 600 set to
close a volatile week in positive territory.
It might be a typical reflation trade day with basic
materials and autos stock indexes among the best
performers, while the the Stoxx 600 is rising 0.5%.
Telcos are also on the rise, up 0.8%, after
better-than-expected results drove Vodafone shares up
2%.
Analysts continue to see a volatile summer as equity indexes
across the globe are hovering around all-time highs, while the
H2 narrative about the economy remains uncertain.
Deutsche Bank analysts say they see “risk appetite starting
to show signs of slipping back again after the recent
bounceback.”
At the same time, “residual concern about the delta
variant’s spread and the prospect of tighter restrictions
remained in…
