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London (UKX) +0.4%
Germany (DAX:IND) +0.4%
France (CAC:IND) +0.4%
The pan-European Stoxx 600 (STOXX) maintained a steady course on Tuesday, choosing a cautious path before the highly anticipated European Central Bank’s monetary policy decision on Thursday. The index opened higher, and the majority of sectors found themselves in positive territory, with mining stocks leading gains and media stocks on a downward trajectory. In the same vein, the Asia-Pacific stocks displayed a mixture of outcomes post the BOJ decision.
Highlights for the session include: Euro Area consumer confidence flash for January, Richmond Fed Manufacturing Index. As the trading day unfolded, the U.S. 10-year Treasury yield (US10Y) rose 3 basis points to 4.12%, closely shadowed by Germany’s 10-year yield, up 3 basis points to 2.32%, and U.K.’s 10-year yield, also up 3 basis points to 3.93%. Currencies in play encompassed (EUR:USD), (GBP:USD), and (CHF:USD). Notably, a roster of ETFs including (EWG), (GF), and (EWI) among others were actively maneuvered in the bustling market.
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