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CHINA-EXPOSED SECTORS WEIGH ON STOXX
Europe's STOXX 600 .STOXX is down 0.2% on its second trading day of 2025, as markets remain quiet after the New Year holiday.
Among the worst performing sectors are those with China-exposure, including a basket of luxury names .STXLUXP, off 1.7%, while basic resources .SXPP are down 1%.
Autos .SXAP are also suffering, down 1%, with Milan-listed Stellantis the heaviest weight, dropping 2.4%. It follows Thursday's news that car sales in Italy fell 4.93% in December.
Elsewhere, UK's Tullow Oil TLW.L is up over 10% after news that the West Africa-focused company is exempt from a $320 million tax on its Ghana operations.
Topping the STOXX 600 overall is Swiss utility BKW BKWB.S, up 4.5%, the UK's Ocado .OCDO.L UP 4.1% and UBS .UBSG.S, up 2.9%.
Sector-wise financial services .SXFP are faring the best, up 0.6% as well as oil and gas names .SXEP, up 0.6%.
(Lucy Raitano)
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FOR FRIDAY'S OTHER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: STOCKS HEAD FOR DROPS, CHINA IN FOCUS CLICK HERE
AS STOCKS WAVER, DOLLAR REMAINS THE SUREST BET CLICK HERE
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