FLIY - European shares set for muted start to week

2023-11-27 03:35:16 ET

London ( UKX ) -0.3%

Germany ( DAX:IND ) -0.2%  Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, as per a Reuters report citing a survey by the Ifo economic institute .

France ( CAC:IND ) -0.02%

Bank of England Governor Andrew Bailey said getting inflation down to the central bank's 2% target will be "hard work" as most of its recent fall was due to the unwinding of the jump in energy costs last year.

The pan-European Stoxx 600 ( STOXX ) ticked 0.02% lower on Monday, days after the index reached its highest level since Sept. 20. Oil and gas stocks fell as oil futures traded lower ahead of the delayed OPEC meeting now set to be held virtually Thursday. Investors will also keep an eye on the data on EU inflation due Thursday, along with measures for Germany and Spain.

In the bond market, the U.S. 10-year Treasury yield was down less than 1 basis point at 4.48%.

Germany's 10-year yield was down 2 basis points to 2.63%.

U.K.'s 10-year yield was down 3 basis points to 4.25%.

Coming up in the session: France unemployment benefit claims, Dallas Fed Manufacturing Index are on the radar today.

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 stock markets remain muted on Friday
• Euro Area manufacturing and services sector shows improvement

For further details see: