FLIY - Europe markets in green in hopes of US rate-hike cycle end

2023-04-14 04:27:01 ET

London +0.46%

Germany +0.33%

France +0.35% France March final CPI +5.7% vs +5.6% y/y prelim

Spain March final CPI +3.3% vs +3.3% y/y prelim; Switzerland March producer and import prices +0.2% vs -0.2% m/m prior

The pan-European Stoxx 600 +0.43% set for a fourth straight weekly gain, buoyed by hopes that the U.S. Federal Reserve could soon pause its aggressive interest rate-hike cycle following cooler-than-expected inflation in March. Real estate shares led the gains, while insurance-sector shares slid.

Coming up in the session: Eyes set on US retail sales data and consumer sentiment, no major events on Europe front.

In the bond market, The yield on US 10-year Treasuries was down one basis point to 3.44%.

Germany’s 10-year yield was up one basis point to 2.38%.

Britain’s 10-year yield was up two basis point to 3.59%.

ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( HEWU ), ( FLGB ).

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