London saw a 0.49% increase, and UK August Nationwide house prices dropped by 0.8% compared to the previous month’s decrease of 0.2%.
Germany experienced a 0.14% rise, with the August final manufacturing PMI coming in at 39.1, the same as the preliminary figure.
In France, the final manufacturing PMI for August was recorded at 46.0, a slight decrease from the preliminary figure of 46.4, and the country saw a 0.23% increase.
The Eurozone’s final manufacturing PMI for August was 43.5, slightly lower than the preliminary figure of 43.7. Italy’s Q2 final GDP showed a decline of 0.4% compared to the preliminary figure of a 0.3% decline. Italy’s August manufacturing PMI was reported at 45.4, lower than the expected 46.0. Switzerland’s August manufacturing PMI came in at 39.9, slightly lower than the expected 40.0. Spain’s August manufacturing PMI was 46.5, lower than the expected 48.8. Additionally, Switzerland’s August CPI increased by 1.6% year-on-year, surpassing the expected 1.5%.
The pan-European Stoxx 600 (STOXX) experienced a 0.32% increase, with most sectors showing positive growth. Oil and gas stocks were boosted by analysts raising their oil price forecasts for 2023. However, the index ended August with a decline of almost 2.8%.
Coming up in the session: The UK PMI Manufacturing data is expected to be released shortly.
In the bond market, the U.S. 10-year Treasury yield decreased by 2 basis points to 4.11%.
Germany’s 10-year yield increased by 1 basis point to 2.48%.
The U.K.’s 10-year yield also increased by 1 basis point to 4.37%.
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