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London (UKX) +0.71% Retail sales rose 1.4% in January 2024.
Germany (DAX:IND) -0.04% Factory orders in Germany unexpectedly climbed by 8.9% mom in December 2023; The HCOB Germany Construction PMI fell to 36.3 in January 2024, one of the lowest on record.
France (CAC:IND) +0.31% The S&P Global France Construction PMI fell further into contraction territory during January.
Construction output in Czech Republic dropped 4.6% Y/Y in December 2023.
Retail sales in Slovakia shrank 4% year-on-year in December 2023.
The HCOB Eurozone Construction PMI dropped to 41.3 in January 2024, down from December’s 43.6.
The pan-European Stoxx 600 (STOXX) moved 0.50% higher, with majority of sectors trading in positive territory. Investors digested Jerome Powell’s comments in which he said that the Fed can afford to be careful about its next step in adjusting interest rate.
Coming up in the session: Euro Area retail sales expected shortly.
In the bond market, the U.S. 10-year Treasury yield (US10Y) was up 2 basis points to 4.09%.
Germany’s 10-year yield was up 5 basis points to 2.28%.
U.K.’s 10-year yield was up 5 basis points to 3.97%.
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