FGM - European stocks rebound after Italy's windfall tax surprise

2023-08-09 04:28:29 ET

London +0.75%

Germany +1.00%

France +1.29%

The pan-European Stoxx 600 edged 0.86% higher, with mining stocks adding to lead gains as almost all sectors and major bourses opened in positive territory. Travel and leisure fell. Stocks majorly rebounded from a sharp fall day before, owing to Italy’s weakening of a surprise windfall tax on banks.

Coming up in the session: An empty calendar for Europe today.

In the bond market, the U.S. 10-year Treasury yield was down 1 basis point to 4.01%.

Germany's 10-year yield was down less than 1 basis point to 2.44%.

U.K.'s 10-year yield was down 2 basis points at 4.37%.

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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