2023-12-01 03:29:28 ET
London ( UKX ) +0.6%
Germany ( DAX:IND ) +0.6%
France ( CAC:IND ) +0.5%
Spain November manufacturing PMI 46.3 vs 45.5 expected.
Goldman Sachs has revised its outlook for the European Central Bank, and now expects a rate cut in Q2 of next year vs. prior forecast of Q3.
The pan-European Stoxx 600 ( STOXX ) was up 0.5% on Friday after closing out their best month since January amid a global rally in stocks and bonds. On the data front, traders awaited manufacturing PMIs from countries across Europe for a clearer picture of the region's economy. Citigroup meanwhile said on Friday, it expected the pan-European benchmark index STOXX 600 ( STOXX ) to end 2024 at 510 points, around 10.5% above current levels. Elsewhere, Federal Reserve Chair Jerome Powell is scheduled to speak at an event.
In the bond market, the U.S. 10-year Treasury yield down 1 basis point to 4.34%.
Germany's 10-year yield was up less than 1 basis point to 2.45%.
U.K.'s 10-year yield was up 4 basis points to 4.21%.
Coming up in the session: November final manufacturing PMI data out of France, Germany, Euro Zone, Italy and UK.
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 )
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European markets gain; traders brace for manufacturing PMI reports