FLIY - European markets extend losses evaluating global prospects

2023-09-06 04:22:42 ET

London -0.86%

Germany -0.43% Germany August construction PMI 41.5 vs 41.0 prior; Germany July factory orders -11.7% vs -4.0% m/m expected

France -0.87%

The HCOB Eurozone Construction PMI edged down to 43.4 in August 2023 from 43.5 in the previous month, marking a sixteenth successive deterioration in total activity and one that was marked overall. It was also the lowest reading since December 2022.

The pan-European Stoxx 600 ( STOXX ) edged -0.89% lower, with most sectors in the red. Financial services and banks led losses.

Coming up in the session: Euro area retail sales figure expected shortly. US and Canada trade balance expected today.

In the bond market, the U.S. 10-year Treasury yield was down less than 1 basis point to 4.27%.

Germany's 10-year yield was up 4 basis points to 2.65%.

U.K.'s 10-year yield was up 2 basis points to 4.54%.

Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD )

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

More on European markets

• FXE: Short The Euro On Diverging Economic Fundamentals
• Euro Area PPI drops 0.5% in July, a 7.6% Y/Y drop
• European markets under pressure after disappointing service PMI numbers
• Euro Area Services PMI drops to 47.90 in August, a 30-month low

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