FLIY - European stocks rise ahead of eurozone U.S. inflation report

2023-03-31 05:03:46 ET

London +0.20% . UK Q4 final GDP +0.1% vs 0.0% q/q prelim.

UK March Nationwide house prices -0.8% vs -0.3% m/m expected.

Germany +0.25% . Germany March unemployment change 16k vs 0k expected.

Germany February retail sales -1.3% vs +0.5% m/m expected.

Germany February import price index -2.4% vs -1.0% m/m expected.

France +0.38% . France March preliminary CPI +5.6% vs +5.5% y/y expected.

The pan-European Stoxx 600 was up 0.2%, with sectors mixed. Retail stocks extended Thursday’s rally, while food and beverage stocks also rose.

However banks slipped, with Swedbank one of the worst-performing European stocks, down 5.1%.

Coming up in the session: Eurozone March preliminary CPI figures at 0900 GMT; Eurozone February unemployment rate at 0900 GMT.

In the bond market, the yield on 10-year Treasuries was up more than three basis point to 3.58%.

Germany’s 10-year yield was up more than three basis point to 2.39%.

Britain’s 10-year yield was up more than five basis point to 3.56%.

ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ), ( FXB ), ( EWU ), ( FKU ), ( EWUS ), ( HEWU ), ( FLGB ).

More on the Bank Crisis:

• Why First Republic Bank's Stock Price Crashed And What Is The Outlook?
• Bank stock rise after deposit outflows not as bad as feared
• Should the FDIC deposit insurance cap be kept, waived or raised
• First Republic recovers from record low on new rescue plan

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