January 17, 2018 / 6:49 AM / 9 months ago

LIVE MARKETS-Tech in focus as ASML beats expectations

    * European shares seen lower
    * Wall Street gains evaporate

    Jan 17 (Reuters) - Welcome to the home for real time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on
Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net  
    The richly valued tech sector is one to watch this morning after the Dutch supplier
of equipment to key chip makers reported a better-than-expected net profit for the fourth
    Several customers asked for early delivery of products amid a booming semiconductor
industry, helping ASML's net profit rise to 644 million euros from 524 million euros.
Analysts polled for Reuters had expected profit of 454 million euros.
    Tech stocks are leading sectoral gainers in Europe over the last 12 months but some
investors say the sector's golden era may be over.    
    (Danilo Masoni)
    Good morning and welcome to Live Markets. Following a steady close in the previous session,
financial spreadbetters expect European to open lower today as gains on Wall Street evaporated,
dragged by a weaker energy sector and losses in General Electric shares.
    Over in Asia, stocks stepped back from a record high as the region's resource shares were
hit by falling oil and commodity prices.
    Here are your morning calls, courtesy of CMC Markets:
    FTSE100 is expected to open 21 points lower at 7,734
    DAX is expected to open 64 points lower at 13,182
    CAC40 is expected to open 20 points lower at 5,494
    (Danilo Masoni)

 (Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)
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