FLIY - European shares move lower as Middle East tensions escalate

2023-10-09 03:57:30 ET

London +0.1

Germany -0.5% Germany August industrial production -0.2% vs -0.1% m/m expected.

France -0.6%

The GDP for Mainland Norway, which excludes the largely petroleum-based offshore sector shrank 0.2% in August from a month earlier.

Canadian markets closed for Thanksgiving.

The pan-European Stoxx 600 ( STOXX ) slipped 0.4% on Monday as investors reacted to fresh geopolitical crisis in the Middle East, after Palestinian militant group Hamas launched a large-scale attack on Israel on Saturday. Chemicals and travel stocks ticked lower, while oil and gas moved higher supported by a surge in crude oil prices.

Coming up in the session: Mexico inflation figures, speeches by Dallas Fed President Lorie Logan, Federal Reserve Vice Chair for Supervision Michael Barr, Federal Reserve Governor Philip Jefferson.

In the bond market, the U.S. 10-year Treasury yield was up 8 basis points to 4.80%.

Germany's 10-year yield was down 6 basis points to 2.84%.

U.K.'s 10-year yield was down 4 basis points to 4.54%.

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

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