Euphoric Momentum in London’s UK retail sales as they dip 0.3% in October by +0.5%
Germany’s spirits rise with a 0.4% incline (DAX:IND)
French markets celebrate with a +0.5% movement (CAC:IND)
Industrial production in Switzerland sees a 2% year-on-year boost in the third quarter, bouncing back from a 0.7% fall earlier, as output declines gently in mining & quarrying sectors.
The pan-European Stoxx 600 (STOXX) leaps 0.5% on Friday, eagerly anticipating the final reading of euro zone inflation for October, and expecting rate cuts after a series of underwhelming U.S. data in the previous session. The slip in British retail sales in October fuels hope for potential interest rate reductions by the Bank of England next year.
In the bond market, the U.S. 10-year Treasury yield tumbles by 3 basis points to 4.42%.
Germany’s 10-year yield declines by 6 basis points to 2.53%.
U.K.’s 10-year yield nosedives by 9 basis points to 4.06%.
Coming up in the session: Euro Area inflation data, Canada PPI are on investors’ radar today.
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