FXB - European markets mixed as investors in wait and watch mode

2023-11-21 03:32:40 ET

London ( UKX ) -0.1%

Germany ( DAX:IND ) +0.2%

France ( CAC:IND ) +0.04%

Switzerland October trade balance CHF 4.60 billion vs CHF 6.32 billion prior.

The pan-European Stoxx 600 ( STOXX ) held steady at +0.05% with sectors trading in mixed territory as investors remain in wait-and-see mode, after a muted session on Monday. Mining stocks led gains, while banks dipped. European Central Bank policymaker Francois Villeroy de Galhau said on Monday that the central bank's interest rates have reached a plateau where they will likely remain for the next few quarters, Reuters reported.

In the bond market, the U.S. 10-year Treasury yield was down 3 basis points at 4.40%.

Germany's 10-year yield was down 4 basis points to 2.58%.

U.K.'s 10-year yield was down 3 basis points to 4.10%.

Coming up in the session: BOE policymakers will be testifying in parliament at 1015 GMT , on monetary policy, inflation, and the UK economic outlook. Investors will also scan Canada's inflation data later in the day.

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 )

• EUR/USD: Currency Pair Of The Week
• A Rebound In EUR:USD Seems Disconnected From Its Fundamentals
• Has The EUR/USD Bottomed Out?
• European markets mixed as investors continue to read Fed mood
• Euro Area inflation drops to 2.9% in October, lowest since July 2021

For further details see: