Positive Turn: European Markets Thrive on Lower Eurozone Inflation

London (UKX) +0.43%

Germany (DAX:IND) +0.64%

France (CAC:IND) +0.36% Industrial production in France advanced 1.1% month-on-month in December 2023.

The number of foreign tourist arrivals in Spain grew by 26.2% year-on-year to 5.2 million in December 2023.

The pan-European Stoxx 600 (STOXX) moved 0.51% higher, after Euro Area inflation dropped to 2.8% in January and unemployment rate remained unchanged at 6.4%
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Coming up in the session: A lighter day on charts today.

In the bond market, the U.S. 10-year Treasury yield (US10Y) was up 2 basis points to 3.88%.

Germany’s 10-year yield was up 2 basis points to 2.16%.

U.K.’s 10-year yield was up 4 basis points to 3.78%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)