Market Performance

London’s stock market rose by 0.19% as UK retail sales climbed 0.4% month-on-month in August.

Germany’s stock market declined by 0.30% as the country’s Composite Purchasing Managers’ Index (PMI) increased to 46.2 points in September.

France’s stock market fell by 0.52% as the country’s composite PMI dropped to 43.50 in September.

Spanish second-quarter GDP surpassed expectations with 0.5% growth.

The Euro Area’s Manufacturing PMI decreased to 43.4 points in September.

European Stock Market Highlights

The pan-European Stoxx 600 (STOXX) decreased by 0.30%, with construction and material stocks experiencing losses. Most sectors and major bourses ended the week in the red. Investors remain cautious due to the anticipation of prolonged high borrowing costs.

Upcoming Events

UK Purchasing Managers’ Index (PMI) data is expected shortly, and Canadian retail and manufacturing sales reports are scheduled for later in the day.

Bond Market Update

The U.S. 10-year Treasury yield saw a slight decrease of less than 1 basis point, settling at 4.47%.

Germany’s 10-year yield dropped by 3 basis points to 2.71%.

The 10-year yield in the UK declined by 4 basis points to 4.27%.

Currency Exchange Rates

Current rates: EUR:USD, GBP:USD, CHF:USD

Exchange-Traded Funds (ETF)

List of ETFs: EWG, GF, EWI, EWQ, EWGS, FGM, DBGR, DXGE, HEWG, DAX, FLFR, FLGR, FLIY, FXB, EWU, FKU, EWUS, HEWU, FLGB, GREK