FLIY - European market lower reflecting Wall Street mood

2023-03-10 03:56:25 ET

London -1.63% UK January monthly GDP +0.3% vs +0.1% m/m expected

Germany -1.68% Germany February final CPI +8.7% vs +8.7% y/y prelim

France -1.76% France January trade balance -€12.9 billion vs -€14.9 billion prior

The pan-European Stoxx 600 -1.65% in early trade with most sectors and major bourses trading in negative territory.  That reflects the negative mood caused by the SVB situation in the US. European banking stocks headed for their largest one-day fall in nine months on Friday, a day after a sharp sell-off in U.S. banks with declines for most major names including HSBC and Deutsche Bank.

Coming up in the session: No events lined up.

In the bond market, The yield on US 10-year Treasuries was down nine basis point to 3.83%.

Germany’s 10-year yield was down twelve basis point to 2.52%.

Britain’s 10-year yield was down eleven basis point to 3.68%.

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

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