Market Update: Europe
The Stoxx Europe 600 experienced a slight 0.1% decline in morning trading. Notable movements included Forvia rising by 4.8% and Telecom Italia climbing 4.1%. Conversely, Allfunds Group dropped 2.8%, and Burberry Group lost 2.2%. The FTSE 100 remained flat as other European stocks also faced declines with France’s CAC 40 decreasing by 0.3% and Germany’s DAX falling by 0.2%.
Currency and Commodities Update
The Wall Street Journal Dollar Index maintained its position at 98.54. In the commodities market, Brent crude saw a 0.8% decrease, settling at $82.81 per barrel, while WTI crude also fell by 0.8% to $77.85 per barrel.
Yield Analysis
The German 10-year Bund yield saw a minor decrease of 1 basis point, settling at 2.403% from 2.408%. Simultaneously, the yield on the 10-year U.S. Treasury remained constant at 4.284%. It’s important to note that bond prices and yields move inversely.
Asian Market Overview
Asian stocks displayed mixed performance, with Japan’s Nikkei 225 remaining flat, Hong Kong’s Hang Seng experiencing a 1.1% drop, and China’s benchmark Shanghai Composite climbing by 1.6%.
This market update has been automatically curated for you by our team of Barcelona Editors.
