FLIY - European shares rise ahead of Euro Area inflation numbers

2023-09-29 04:15:44 ET

London +0.72% UK Q2 final GDP +0.2% vs +0.2% q/q prelim

Germany +0.69% Germany August retail sales -1.2% vs +0.5% m/m expected ; Germany August import price index +0.4% vs +0.5% m/m expected; Germany's unemployment rate remains unchanged at 5.7%

France +0.73% France September preliminary CPI +4.9% vs +5.1% y/y expected

Switzerland September KOF leading indicator index 95.9 vs 90.5 expected.

The Czech Republic’s economy stagnated in the second quarter of 2023, compared to an earlier estimate indicating 0.1% growth and following an upwardly revised 0.1% rise in the previous quarter.

Producer prices in Austria dropped 2.4% year-on-year in August 2023, the second consecutive month of decline after a 1.3% fall in the previous month.

The unemployment rate in Hungary rose to 4.1% in June-August of 2023, from 3.4% in the corresponding period of the previous year.

The pan-European Stoxx 600 ( STOXX ) edged 1.01% higher, with all eyes on the euro zone inflation data due later in the day that could help determine the European Central Bank's monetary policy path.

Coming up in the session: Euro Area inflation and Canada GDP expected.

In the bond market, the U.S. 10-year Treasury yield was down 5 basis points to 4.55%.

Germany's 10-year yield was down 10 basis points to 2.87%.

U.K.'s 10-year yield was down 5 basis points to 4.44%.

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

• Strong U.S. Dollar
• FXE: Stay Short The Euro On Weak Eurozone Economy
• FXE: Short The Euro On Diverging Economic Fundamentals
• European markets swing between gains and losses ahead of key data
• European markets muted as global data concerns hover

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