European markets mostly higher as investors look for global cues (EUR:USD)
London (UKX) +0.01% UK Q4 final GDP -0.3% vs -0.3% Q/Q prelim; The current account gap in the UK rose to £21.2B, equivalent to 3.1% of GDP in Q4; Business investment in the United Kingdom rose 1.4% in Q4.
Germany (DAX:IND) +0.50% Germany February retail sales -1.9% vs +0.3% M/M expected
France (CAC:IND) +0.25%
The Czech Republic’s economy expanded 0.4% Q/Q in the three months to December.
Switzerland’s leading KOF economic barometer fell to 101.5 in March 2024.
Hungary’s gross average wage growth advanced by 14.6% Y/Y.
Switzerland March KOF leading indicator index 101.5 vs 102.0 expected.
The pan-European Stoxx 600 (STOXX) moved 0.16% higher, with most sectors in the green.
Coming up in the session: Germany’s unemployment rate expected shortly.
In the bond market, the U.S. 10-year Treasury yield (US10Y) was up 2 basis points at 4.21%.
Germany’s 10-year yield was up 2 basis points to 2.31%.
U.K.’s 10-year yield was up 3 basis points to 3.96%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)
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