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London (UKX) +0.58% UK’s inflation rate rises to 2.2% in July.
Germany (DAX:IND)+0.46%
France (CAC:IND) +0.69% France inflation climbs to 2.3% in July
Household consumption in the Netherlands tumbled to 0.7% Y/Y in June 2024 from a downwardly revised 0.1% rise in the previous month.
The Romanian GDP growth rose 0.8% Y/Y in Q2.
Industrial production in Romania rose by 0.5% Y/Y in June.
The annual inflation rate in Sweden stood at 2.6% in July.
The annual inflation rate in Finland fell to 1.0% in July.
Norway’s consumer confidence indicator rose to -16.3 in Q3.
Slovakia’s economy grew by 1.9% Y/Y in Q2.
Industrial production in Hungary shrank by 8.2% Y/Y in June.
The pan-European Stoxx 600 (STOXX) moved 0.49% higher, tracking a global rally as soft US producer inflation data reinforced expectations for Federal Reserve interest rate cuts this year. Investors also reacted to cooler-than-anticipated UK inflation figures.
Coming up in the session: Euro Area GDP growth and industrial production expected shortly.
In the bond market, the U.S. 10-year Treasury yield unchanged at 3.85%.
Germany’s 10-year yield up 2 basis points at 2.20%.
U.K.’s 10-year yield was down 3 basis points to 3.86%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)
