FLIY - European markets fall as ECB members push back rate cut expectations at Davos
2024-01-16 03:37:01 ET
London ( UKX ) -0.6%
Germany ( DAX:IND ) -0.8% Inflation rate in Germany increased to 3.70% in December from 3.20% in November.
France ( CAC:IND ) -0.7%
The pan-European Stoxx 600 ( STOXX ) shed 0.7% on Tuesday as investors focused on comments from the World Economic Forum in Davos, Switzerland, where European policymakers made hawkish remarks , pushing back on imminent interest rate cuts.
Coming up in the session: ZEW Indicator of Economic Sentiment for Germany and Euro Area, Canada inflation data, U.S. Empire manufacturing survey and pre-market results from Goldman Sachs ( GS ) and Morgan Stanley ( MS ).
In the bond market, the U.S. 10-year Treasury yield ( US10Y ) was up less than 1 basis points to 3.99%.
Germany's 10-year yield down less than 1 basis points to 2.19%.
U.K.'s 10-year yield was down less than 1 basis points to 3.78%.
Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD )
ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( FLGB ), ( GREK )
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European markets fall as ECB members push back rate cut expectations at Davos