FGM - European markets in red after fifth straight week of gains
2023-12-18 03:39:55 ET
London -0.1%
Germany -0.5%
France -0.6%
Greece approved its 2024 budget on Sunday, forecasting a rise in economic growth to 2.9% from 2.4% this year, supported by increasing tourist revenues and EU funds helping investment.
The pan-European Stoxx 600 ( STOXX ) fell 0.3% on Monday, after five straight week of gains, with construction and material stocks trading in red, while the health care sector nudged higher. Investors will keep an eye on ECB board member Isabel Schnabel's remarks later in the day, given it was her sudden conversion to dovishness that sent bond yields diving earlier this month.
Coming up in the session: German Ifo survey for Dec
In the bond market, the U.S. 10-year Treasury yield was down 2 basis point to 3.90%.
Germany's 10-year yield was up 2 basis points to 2.03%.
U.K.'s 10-year yield was up 1 basis points to 3.69%.
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 in red after fifth straight week of gains