FGM - European stock markets lower as investors weigh the interest rate hikes by Fed and the BOE
2023-03-24 04:58:41 ET
London -1.31% . UK Retail Sales MoM: 1.2% (Forecast 0.2%, Previous 0.5%).
UK data - March consumer confidence rises to -36 from -38 in February.
Germany -1.35% . German S&P Mfg PMI Flash : 44.4 (Forecast 47, Previous 46.3).
France -1.32% . French S&P Services PMI Flash : 55.5 (Forecast 52.5, Previous 53.1).
The pan-European Stoxx 600 was down 1.11% lower.
On Thursday, The Bank of England boosted its benchmark interest rate to 4.25% from 4% Thursday, in line with forecasts.
A higher-than-expected February inflation report out earlier this week put pressure on the BoE to hike rather pause amid recent bank instability.
Coming up in the session: Eurozone S&P Global Manufacturing PMI Flash March .
In the bond market, the yield on 10-year Treasuries was down more than six basis point to 3.33%.
Germany’s 10-year yield was down more than eleven basis points to 2.07%.
Britain’s 10-year yield was down more than eleven basis points to 3.24%.
ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( HEWU ), ( FLGB ).
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European stock markets lower as investors weigh the interest rate hikes by Fed and the BOE