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<h3>EARNINGS BRIEFLY IMPORTANT FOR EUROPEAN MARKETS; INDITEX, RHEINMETALL IN FOCUS</h3>
<p>It’s been the quietest first hour of trading so far this week, with no headlines sufficiently big overnight to shake investors out of nervously waiting and seeing.</p>
<p>The STOXX 600  (.STOXX)  is still down 1%, with nearly all sectors down 1-2%, but there is a war on, and Brent is rising again, up another 4% above $91 a barrel  (LCOc1) , while natural gas prices are up 6%.  Despite that, defence is having a rare burst of underperformance as investors are unhappy about Rheinmetall  (RHMG.DE)  reporting mixed results and a softer than expected 2026 outlook. Its shares are off 5%, against a drop of 2% in the aerospace and defence index  (.SXPARO)</p>
<p>Better news from Zara owner Inditex  (ITX.MC)  have sent its shares up over 2% and are keeping the retail index  (.SXRP)  just about in positive territory.</p>
<p>(Alun John)</p>
<h3>EARLIER LIVE MARKETS POSTS</h3>
<h3>BEFORE THE BELL: FUTURES SOFTER, KEEP WATCHING OIL CLICK HERE</h3>
<h3>MORNING BID EUROPE: IT AIN’T OVER YET CLICK HERE</h3>

LIVE MARKETS-Earnings briefly important for European markets; Inditex, Rheinmetall in focus