January 4, 2018 / 6:34 AM / a year ago

LIVE MARKETS-European autos cruise to two-month peak

    * European stocks open higher, FTSE touches record
    * Euro zone services PMI to show continued momentum
    * Debenhams drops after profit warning
    * Iran unrest pours extra fuel on oil rally

    Jan 4(Reuters) - Welcome to the home for real time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on
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    The European autos sector has had a strong start to the year, up 1.2 percent this
morning at a two-month peak.
    Today's move is being driven by yesterday's U.S. auto sales data for December. While not
stellar, the figures did beat analyst expectations, with the likes of Fiat Chrysler up
around 4.1 percent at a record high today.
     While the autos sector had a tepid first half in 2017, things have really started to pick
up over the last six months. Fiat, Porsche and Volkswagen are among the
biggest gainers over that period.
    (Kit Rees)
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