FLIY - European markets extend losses as momentum stalls
2023-11-28 03:37:34 ET
London ( UKX ) -0.4%
Germany ( DAX:IND ) -0.2% German consumer sentiment improved slightly heading into December, but remained at a very low level with no signs of sustainable recovery in Europe's biggest economy, a survey showed on Tuesday.
France ( CAC:IND ) -0.4%
The pan-European Stoxx 600 ( STOXX ) fell 0.4% on Tuesday as the lackluster sentiment seen at the start of the week continued, with all sectors trading in negative territory. Meanwhile, Barclays has identified ten European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. On a macro level, investor focus remains on whether the Federal Reserve is truly done with interest rate hikes, and when it is likely to start cutting rates next year.
In the bond market, the U.S. 10-year Treasury yield was up 1 basis point at 4.40%.
Germany's 10-year yield was down less than 1 basis point to 2.54%.
U.K.'s 10-year yield was up less than 1 basis point to 4.22%.
Coming up in the session: France consumer confidence for November, Euro zone money M3 annual growth for October.
Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD )
ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( FLGB ), ( GREK )
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European markets extend losses as momentum stalls