European Markets Overview: UK Retail Sales Dip, Germany’s Producer Prices Drop European Markets Overview: UK Retail Sales Dip, Germany’s Producer Prices Drop

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London (UKX) +0.07% as UK retail sales drop 3.2% in December, significantly more than expected.

Germany (DAX:IND) +0.32% with Germany’s producer prices dropping 1.2% in December.

France (CAC:IND) +0.42%

Slovakia’s current account deficit sharply narrowed to €195.8M in November 2023.

The pan-European Stoxx 600 (STOXX) showed a gain of 0.25%, with all sectors in positive territory. The European Central Bank is considering a potential interest rate reduction in the summer, said President Christine Lagarde, albeit with reservations due to prevailing uncertainties.

Coming up in the session: No major announcements expected today.

In the bond market, the U.S. 10-year Treasury yield (US10Y) rose by 12 basis points to 4.15%.

Germany’s 10-year yield decreased by less than 1 basis point to 2.31%.

The U.K.’s 10-year yield was down by 3 basis points to 3.90%.

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)


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