FLFR - European markets fall as Middle East tensions weigh Fed's Powell speech in focus
2023-10-19 03:47:46 ET
London -0.9%
Germany -0.2%
France -1% Business confidence in France decreased to 98 points in October from 99 points in September.
Switzerland September trade balance CHF 6.32 billion vs CHF 4.05 billion prior
The pan-European Stoxx 600 ( STOXX ) fell 0.8% on Thursday with most sectors trading in negative territory, as investors weighed the impact of the Middle East crisis. Industrials and construction were the biggest losers among sectors. The yield on the benchmark 10-year Treasury meanwhile rose above 4.9% for the first time since 2007 as markets scanned earnings and economic data.
Coming up in the session: Canada producer price index, U.S. leading economic indicators including initial jobless claims. Investors also cautiously awaited speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy.
In the bond market, the U.S. 10-year Treasury yield was up 6 basis points to 4.96%.
Germany's 10-year yield was up 3 basis points to 2.95%.
U.K.'s 10-year yield was up 5 basis points to 4.71%.
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 Euro / US Dollar
- Dollar Bull Is Back: Euro And Pound Likely To Fall Further
- U.S. Dollar Gets Even Stronger As Long-Term Yields In The U.S. Rise
- Strong U.S. Dollar
- Euro Area inflation drops to 4.3% in September, lowest level since Oct 2021
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European markets fall as Middle East tensions weigh, Fed's Powell speech in focus