European markets continues on downward trend, evaluating global prospects – Seeking Alpha
EUROPE, Sept. 6 – European Market, one of the world leading stock market has been on downward trend.
London -0.86%
Germany -0.43% Germany August construction PMI 41.5 vs 41.0 prior; Germany July factory orders -11.7% vs -4.0% m/m expected
France -0.87%
The HCOB Eurozone Construction PMI edged down to 43.4 in August 2023 from 43.5 in the previous month, marking a sixteenth successive deterioration in total activity and one that was marked overall. It was also the lowest reading since December 2022.
The pan-European Stoxx 600 (STOXX) edged -0.89% lower, with most sectors in the red. Financial services and banks led losses.
Coming up in the session: Euro area retail sales figure expected shortly. US and Canada trade balance expected today.
In the bond market, the U.S. 10-year Treasury yield was down less than 1 basis point to 4.27%.
Germany’s 10-year yield was up 4 basis points to 2.65%.
U.K.’s 10-year yield was up 2 basis points to 4.54%, Seeking Alpha Reports.
