GF - European markets trade in red as investors assess factory activity readings
2023-10-04 04:05:39 ET
London +0.01%
Germany -0.4% Germany September final services PMI 50.3 vs 49.8 prelim
France -0.2% France September final services PMI 44.4 vs 43.9 prelim
Eurozone September final services PMI 48.7 vs 48.4 prelim
Italy September services PMI 49.9 vs 50.0 expected
Services PMI in Spain increased to 50.50 points in September from 49.30 points in August of 2023.
The pan-European Stoxx 600 ( STOXX ) edged 0.01% lower on Wednesday as investors digested the latest set of purchasing managers’ index surveys from the region, with autos leading losses as most sectors and major bourses opened in negative territory.
Coming up in the session: Speech by ECB President Christine Lagarde coming up shortly, followed by UK S&P Global/CIPS Services PMI final for September, Euro Area retail sales and PPI.
In the bond market, the U.S. 10-year Treasury yield was up 4 basis points to 4.84%.
Germany's 10-year yield was up 4 basis points to 2.99%. The 10-year German bund yields hit 3% for the first time since 2011.
U.K.'s 10-year yield was up 4 basis points to 4.64%.
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 )
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European markets trade in red as investors assess factory activity readings